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Shares of athletic apparel manufacturer Under Armour (NYSE: UA , NYSE: UAA ) are incurring a modest decline following a dour disclosure. Indeed, the firm's latest earnings report revealed a big drop in revenue.
In its fiscal fourth-quarter earnings, athletic apparel brand Under Armour (UA, UAA) reported falling revenue across its various wholesale and clothing categories. On top of all that, Under Armour shared a weaker-than-expected full-year guidance for its fiscal 2025 calendar.
Under Armour (UAA) on Thursday reported fourth-quarter profit that fell well short of analyst estimates, with Chief Executive Officer (CEO) Kevin Plank saying the company faced a "challenging retail environment" over the last fiscal year.
The company said it looks to "meaningfully reset" business in North America, its biggest market.
Sales in Under Armour's largest market in North America are falling as inflation weary consumers pull back on new clothes and shoes.
Under Armor Inc.'s stock UA, -0.45% was down by nearly 14% in premarket trading on Thursday after the athletic apparel company said it would fall short of analyst estimates for its fiscal 2025 profit amid a “challenging” retail environment. Under Armor said it expects adjusted 2025 earnings of 18 cents to 21 cents a share, below the FactSet consensus estimate of 59 cents a share.
The sports apparel company offers disappointing guidance and announces a restructuring plan.
Company Also Announced a New $500 Million Share Repurchase Program BALTIMORE , May 16, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) announced unaudited financial results for its fourth quarter and full-year fiscal 2024, which ended March 31, 2024. The company reports its financial performance following accounting principles generally accepted in the United States of America ("GAAP").
Note: Under Armour's Under Armour FY'24 ended on March 31, 2024.
BALTIMORE , May 2, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) plans to release its fourth quarter and full-year fiscal 2024 (ended March 31, 2024) results on May 16, 2024. Following the news release at 6:55 a.m.