Back to top

Image: Bigstock

Here's What Key Metrics Tell Us About Under Armour (UAA) Q1 Earnings

Read MoreHide Full Article

For the quarter ended June 2024, Under Armour (UAA - Free Report) reported revenue of $1.18 billion, down 10.1% over the same period last year. EPS came in at $0.01, compared to $0.02 in the year-ago quarter.

The reported revenue represents a surprise of +3.89% over the Zacks Consensus Estimate of $1.14 billion. With the consensus EPS estimate being -$0.08, the EPS surprise was +112.50%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Under Armour performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total Doors

    : 441 versus 443 estimated by two analysts on average.
  • Net revenues- North America

    : $709.26 million versus $668.52 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -14.2% change.
  • Net revenues- Asia-Pacific

    : $181.84 million versus the four-analyst average estimate of $190.10 million. The reported number represents a year-over-year change of -10.1%.
  • Net revenues- EMEA

    : $226.89 million versus the four-analyst average estimate of $215.88 million. The reported number represents a year-over-year change of +0.1%.
  • Net revenues- Latin America

    : $64.41 million compared to the $57.63 million average estimate based on four analysts. The reported number represents a change of +15.6% year over year.
  • Net revenues by product- Net Sales

    : $1.16 billion versus the five-analyst average estimate of $1.17 billion. The reported number represents a year-over-year change of -11.9%.
  • Net revenues by product- Footwear

    : $310.39 million versus the five-analyst average estimate of $313.87 million. The reported number represents a year-over-year change of -14.7%.
  • Net revenues by product- Accessories

    : $92.55 million versus $147.57 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.4% change.
  • Net revenues by product- License revenues

    : $21.67 million compared to the -$28.82 million average estimate based on five analysts. The reported number represents a change of -13.6% year over year.
  • Net revenues by product- Apparel

    : $757.79 million versus the five-analyst average estimate of $704.79 million. The reported number represents a year-over-year change of -8.1%.
  • Net revenues by product- Corporate Other

    : $1.27 million compared to the $5.72 million average estimate based on two analysts. The reported number represents a change of -77.9% year over year.
  • Net revenues by distribution channel- Wholesale

    : $680.51 million versus the two-analyst average estimate of $617.04 million. The reported number represents a year-over-year change of -8.3%.
View all Key Company Metrics for Under Armour here>>>

Shares of Under Armour have returned -6.2% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Under Armour, Inc. (UAA) - free report >>

Published in