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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's (UAA) Q4 results reflect a year-over-year decline in earnings. However, its gross margin expands 170 bps, largely propelled by supply-chain efficiencies.
Although the revenue and EPS for Under Armour (UAA) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Under Armour (UAA) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.18 per share a year ago.
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.
Shares of Under Amrour Inc (NYSE: UAA) are in focus today after the sportswear company announced a broad restructuring plan. How many employees will Under Armour let go?
Shares of Under Amrour Inc (NYSE: UAA) are in focus today after the sportswear company announced a broad restructuring plan. How many employees will Under Armour let go?
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