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HomeBusinessUnder Armour Beats Q4, But Revenue Guidance Disappoints

Under Armour Beats Q4, But Revenue Guidance Disappoints

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Under Armour (NYSE:UAA) reported its fourth-quarter earnings, surpassing analyst expectations for adjusted earnings per share (EPS) but providing a disappointing revenue outlook.
The company reported an adjusted EPS of $0.11 for the quarter, exceeding the Street estimate of $0.08. Revenue remained flat at $1.33 billion, matching analyst projections but representing a 5% decline from the same period last year.
The revenue decline was largely due to a 10% decrease in North American sales, which CEO Kevin Plank attributed to a challenging retail environment with high inventories and ongoing promotions.
Under Armour’s gross margin improved by 170 basis points to 45.0%, thanks to supply chain benefits like lower product and freight costs.
Looking forward, Under Armour expects a low-double-digit percentage decline in revenue, with a 15% to 17% drop anticipated in North America. The international business is also projected to see a low-single-digit percentage decrease. These projections are part of Under Armour’s efforts to reset its business and reduce promotional activities, particularly in the direct-to-consumer segment, to maintain brand strength.
For fiscal 2025, Under Armour forecasts an adjusted operating income between $130 to $150 million, taking into account anticipated restructuring charges. The expected EPS range is $0.18 to $0.21, significantly below the Street estimate of $0.59.

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