Under Armour (UA) reported earnings on Thur 21 Apr 16 (b/o)

** charts before earnings **

 

** charts after earnings **

 

 ** 2 weeks later **

Under Armour beats by $0.02, reports revs in-line; slightly raises FY16 guidance :

• Reports Q1 (Mar) earnings of $0.04 per share, $0.02 better than the Capital IQ Consensus of $0.02; revenues rose 30.1% year/year to $1.05 bln vs the $1.04 bln Capital IQ Consensus.
• Q1 gross margin was 45.9% compared with 46.9% in the prior year's period (vs 150 bps decline to 45.4% guidance (estimate in-line with prior guidance), primarily reflecting negative impacts of approximately 100 basis points from higher liquidations and approximately 70 basis points from foreign currency exchange rates, partially offset by approximately 60 basis points from improved product cost margins.
• Guidance: UA raises 2016 operating income to $503-507 mln (+23% to 24%) vs +23% to $503 mln prior guidance and +24% to ~$510 mln estimate; raises FY16 revs of ~$5.0 bln, up from $4.95 bln prior guidance vs. $5 bln Capital IQ Consensus Estimate, raises 2016 net revenues outlook to ~$5.0 bln (+26%) vs +25% to $4.95 bln prior guidance and +26% to $5.0 bln consensus.