Under Armour (UA) reported earnings on Tue 26 Jul 16 (b/o)

** charts before earnings **

 

** charts after earnings **

Under Armour misses by $0.01, reports revs in-line; reaffirms FY16 revs guidance  :

• Reports Q2 (Jun) earnings of $0.01 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.02; revenues rose 27.7% year/year to $1 bln vs the $1 bln Capital IQ Consensus. EPS is inclusive of $0.03 impact from the impairment related to the Sports Authority liquidation. This compares with diluted earnings per share of $0.03 for all classes in the prior year's period.
• Gross margin for the second quarter of 2016 was 47.7% compared with 48.4% in the prior year's period.
• Co reaffirms guidance for FY16, sees FY16 revs of ~$4.925 bln vs. $4.96 bln Capital IQ Consensus Estimate.
• North America net revenues for the second quarter grew 22% year-over-year. International net revenues, which represented 15% of total net revenues for the second quarter, grew 68% year-over-year, or 72% on a currency neutral basis.
• FY16 Guidance: Co sees 2016 operating income in the range of $440 mln to $445 mln, representing growth of 8% to 9% over 2015. Below the operating line, the Company expects interest expense of ~$32 mln, an effective full year tax rate of ~36.5%, and fully diluted weighted average shares outstanding of ~448 mln.