Under Armour, Inc. raised its earnings guidance for the year as its earnings for the fiscal third quarter ended December 31 easily topped Wall Street’s targets as gross margin pressures were offset by cost controls. Sales were slightly above consensus targets. One area of concern was inventory levels, which were up 50 percent.
Sales of $1.58 billion topped Wall Street’s consensus target of $1.55 billion. Adjusted EPS of 16 cents was well above Wall Street’s consensus earnings estimate of 9 cents.
For more background and details on Under Armour’s fiscal Q3 results, get inside company management’s call with analysts at SGB Executive here:
Photo courtesy Under Armour