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Under Armour Stock Surges as Sales, Adjusted Profit Top Estimates
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Key points
- Shares of Under Armour rose 5% in Thursday’s listing trading after the apparel maker’s highest sales and adjusted profit estimates.
- The company was responsible for the expenses related to the restructuring plan announced last year in the quarter, so the company’s profit was small.
- Under Armour also canceled its adjusted EPS forecast.
Shares of sportswear maker Under Armour (UAAThe company’s third-quarter sales and adjusted profit estimates exceeded 5% Thursday morning.
Under Armour reported revenue for fiscal 2025 was $140 billion, down 6% year-on-year, but the visible Alpha is estimated at $1.34 billion. The retailer sold only $1.2 million in net revenue this quarter, well below the consensus of $2.1 million.
After considering the costs associated with the restructuring plan Announced last year back Replace its CEOUnder Armour’s adjusted profit of $0.08 per share is twice the expectations.
Under Armour improves fiscal 2025 adjusted EP, revenue outlook
Under Armour is now expected to release a loss of $0.48 to $0.50 in fiscal 2025, down from $0.48 to $0.51. Adjustment Earnings per share (EPS) It is expected to be $0.28 to $0.30, up from $0.24 to $0.27. Revenue fell about 10% year-on-year compared to previous expectations of low double-digit declines.
As Thursday entered Thursday, analysts expected a full-year loss of $0.29 per share, with adjusted earnings of $0.29 per share, and revenue fell 10.6%.
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