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Here's What Key Metrics Tell Us About Under Armour (UAA) Q1 Earnings
Under ArmourUnder Armour(US:UAA) ZACKSยท2024-08-08 14:35

Core Viewpoint - Under Armour reported a revenue decline of 10.1% year-over-year for the quarter ended June 2024, with a total revenue of $1.18 billion, but exceeded the Zacks Consensus Estimate by 3.89% [1] Financial Performance - Revenue for the quarter was $1.18 billion, down 10.1% from the previous year, with an EPS of $0.01 compared to $0.02 a year ago [1] - The revenue surprise was +3.89% over the Zacks Consensus Estimate of $1.14 billion, while the EPS surprise was +112.50% against a consensus estimate of -$0.08 [1] Regional Revenue Breakdown - North America: $709.26 million, exceeding the estimate of $668.52 million, but down 14.2% year-over-year [4] - Asia-Pacific: $181.84 million, below the estimate of $190.10 million, representing a -10.1% change year-over-year [5] - EMEA: $226.89 million, above the estimate of $215.88 million, with a slight increase of +0.1% year-over-year [6] - Latin America: $64.41 million, surpassing the estimate of $57.63 million, showing a year-over-year increase of +15.6% [7] Product Revenue Breakdown - Net Sales: $1.16 billion, slightly below the estimate of $1.17 billion, down 11.9% year-over-year [8] - Footwear: $310.39 million, below the estimate of $313.87 million, down 14.7% year-over-year [9] - Accessories: $92.55 million, significantly below the estimate of $147.57 million, down 5.4% year-over-year [9] - License revenues: $21.67 million, compared to the estimate of -$28.82 million, down 13.6% year-over-year [10] - Apparel: $757.79 million, exceeding the estimate of $704.79 million, down 8.1% year-over-year [11] - Corporate Other: $1.27 million, significantly below the estimate of $5.72 million, down 77.9% year-over-year [12] Distribution Channel Revenue - Wholesale: $680.51 million, exceeding the estimate of $617.04 million, down 8.3% year-over-year [13] Stock Performance - Under Armour shares have returned -6.2% over the past month, compared to the Zacks S&P 500 composite's -6.5% change, with a current Zacks Rank of 3 (Hold) [13]