Under Armour Q1 Earnings: Company Outperforms Yet Again, Beating Analyst Estimates

April 22nd, 2016 by Trefis Team
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Under Armour

Under Armour (NYSE:UA) released its first quarter earnings report on April 21st.  The company has shown tremendous growth in the last few quarters. From a year ago, the company has seen about a 30% increase in revenues and a 26% increase in operating profit. In terms of EPS, the company reported a figure of $0.04, beating estimates by a 100%. All product categories have performed well with Footwear (aided by the Stephen Curry signature models) and Connected Fitness stealing the show. The company’s international presence has also increased greatly over the last few quarters leading to a 160% increase in revenues globally. Sales in China nearly tripled year over year as the company firmly increases its foothold in the market. As always, the growth in e-commerce has also greatly helped drive sales this time around.

Based on its performance this quarter, the company increased its guidance for 2016. The management now expects revenues for the year to come in at about $5 billion (an approximate 26% growth year on year), with operating income falling to the $505 to $507 million range, spurred primarily by footwear and growth in international markets.

Screen Shot 2016-04-22 at 2.37.46 pm Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment / ask questions on the comments section
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our full analysis for Under Armour

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