The 4 Worst Numbers From Under Armour's Q2 Earnings

Shares of Under Armour (NYSE: UA) (NYSE: UAA) recently tumbled after the company posted mixed second-quarter numbers. Its revenue rose 1% annually (3% on a constant currency basis) to $1.19 billion, narrowly missing estimates by $7 million, but its net loss narrowed from $0.21 per share to $0.04 per share, beating estimates by a penny.

At first glance Under Armour's numbers looked solid. Its gross margin expanded 170 basis points annually to 46.5%, its operating loss narrowed, and its inventories fell 26%. For the full year it expects its revenue to rise 3% to 4%, its margins to keep expanding, and its operating profit to return to the black.

Unfortunately, four ugly numbers offset those strengths and sent investors heading for the exits.

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