Under Armour Stock Surges as Sales, Adjusted Profit Top Estimates
Key Takeaways
Shares of athletic apparel maker Under Armour (
UAA
) rose 5% Thursday morning after the company’s third-quarter sales and adjusted profit topped estimates.
Under Armour reported fiscal 2025 third-quarter revenue of $1.40 billion, down 6% year-over-year but above Visible Alpha estimates of $1.34 billion. The retailer posted just $1.2 million in net income for the quarter, shy of the $2.1 million consensus.
After accounting for costs like those associated with a restructuring plan it
announced last year
after
replacing its CEO
, Under Armour’s adjusted profit of $0.08 per share was double expectations.
Under Armour Raises Fiscal 2025 Adjusted EPS, Revenue Outlook
Under Armour now expects to post a fiscal 2025 per-share loss of $0.48 to $0.50, narrowed from $0.48 to $0.51. Adjusted
earnings per share (EPS)
is expected to be $0.28 to $0.30, up from $0.24 to $0.27. Revenue is seen declining by about 10% year-over-year versus the prior expectation of a low-double-digit percentage drop.
Entering Thursday, analysts expected a full-year loss of $0.29 per share, adjusted EPS of $0.29, and a revenue decline of 10.6%.
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