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Under Armour (UAA) shares popped intraday Thursday following the company's first-quarter fiscal 2025 results, its first since announcing a substantial restructuring plan.
Under Armour's returning CEO is repositioning the brand for long-term success, sacrificing low-margin sales volume. The company expects big losses this year, but its gross margin is trending in the right direction.
Under Armour (NYSE: UA ) stock is gaining on Thursday after the company reported positive earnings for its fiscal first quarter of 2025. The latest earnings report from Under Armour starts with its adjusted earnings per share of 1 cent.
Shares of Under Armour Inc (NYSE:UAA) are 17.6% higher at $7.61 this morning, on track for its best session since October 2018 after the athletics apparel retailer reported a surprise quarterly profit and hiked its fiscal 2025 outlook.
The headline numbers for Under Armour (UAA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Under Armour (UAA) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to earnings of $0.02 per share a year ago.
Founder Kevin Plank took the reins from former CEO Stephanie Linnartz in April, and the company has since been in refresh mode.
Under Armour beat Wall Street's quarterly estimates on the top and bottom lines. The company adjusted its full-year profit guidance after settling a securities lawsuit from 2017 for $434 million.
Under Armour Inc.'s stock UA, -0.48% rose 6.9% premarket Thursday after the athletic-apparel maker beat Wall Street's top and bottom-line expectations in its first-quarter results and raised its earnings outlook. The Baltimore-based company reported a first-quarter loss of $305 million, or a loss of 70 cents a share, after net income of $10 million, or earnings of 2 cents a share, in the prior year's quarter.
BALTIMORE , Aug. 8, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) announced unaudited financial results for its first quarter fiscal 2025, which ended June 30, 2024. The company reports its financial performance following accounting principles generally accepted in the United States of America ("GAAP").