Q218 Snap - Moving in the right direction
Under Armour reported adj Q218 EPS of ($0.08) in line with expectations on higher revenues but lower gross margin. While the lower gross margin took some of the earnings upside away, we are seeing good progress on the realignment of inventory levels. Similarly, the company is raising FY18 guidance on revenues and lowering on gross margin, with EPS guidance remaining the same. We see good execution on the turnaround efforts, and with cleaner inventories, would expect to see a better 2H.Under Armour is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth. The company provides HEATGEAR?, which is designed to be worn in warm to hot temperatures under equipment or as a single layer; and COLDGEAR?, which is designed to wick moisture from the body while circulating body heat from hot spots to help maintain core body temperature. The company's footwear products include running, basketball, cleated sports, slides, training, and outdoor. The company provides digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal and Endomondo applications.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.