Under Armour (UA) reported 4Q earnings on Thur 28 Jan 16 (b/o)

** charts before earnings **

 

** charts after earnings **

 

**  2 weeks later  **

Under Armour beats by $0.02, beats on revs; guides FY16 in line with financial targets outlined at the September 2015 Investor Day :

• Reports Q4 (Dec) earnings of $0.48 per share, $0.02 better than the Capital IQ Consensus of $0.46; revenues rose 30.8% year/year to $1.17 bln vs the $1.12 bln Capital IQ Consensus. Gross margin for 2015 was 48.1% compared with 49.0% in 2014, primarily reflecting a negative 70 basis point impact from the continued strength of the U.S. Dollar. Selling, general and administrative expenses as a percentage of net revenues were 37.8% for 2015 compared with 37.5% for 2014, primarily reflecting broad-based investments to support global growth initiatives.
• OUTLOOK: Based on current visibility, the Company expects 2016 net revenues +25% to ~$4.95 billion (vs. $4.9 bln Capital IQ Consensus Estimate) and 2016 operating income of +23% to ~$503 million (~$510mln estimate), in line with the financial targets outlined at the Company's September 2015 Investor Day.