Under Armour has issued a profit warning for fiscal year 2025, forecasting annual sales below analysts' expectations. The company reported a 5% decline in revenue to $1.3 billion, with diluted earnings per share at $0.02 and adjusted diluted earnings per share at $0.11. Net income was $7 million, while adjusted net income was $49 million. Inventory levels decreased by 19%. The company's North America revenue fell by 10.4%, and footwear sales dropped by 10.6%. Additionally, Under Armour's net income plummeted by 96.2%, and the company reported an operating loss. Shares of Under Armour fell 13% pre-market following the announcement. The firm also announced a restructuring plan as it aims to shift its brand to a more premium position. The company is implementing an 18-month turnaround plan and has seen a decline in market share, with some investors shorting UAA.
Under Armour to Restructure Business, Warns of Revenue Drop https://t.co/ube3mNs6CU
Under Armour Q4 results: 💵 Total revenue: -4.8% 🇺🇸 North America revenue: -10.4% 👟 Footwear sales: -10.6% 📉 Net income: -96.2% Also made operating loss. Not the market, this is a lack of brand strategy from UA - the whole brand is more muddled than a cat with a ball of wool!
Under Armour $UAA stock tumbles as guidance disappoints https://t.co/zWpDGszPOg https://t.co/ygG7X3zaM4
Under Armor’s stock slides as it issues 2025 profit warning and OK’s restructuring plan https://t.co/5JlWPKnXVk
$UAA (-12% pre-mkt, short) after providing initial FY’25 guidance significantly below WS ests. Shorting UAA was the flip side of our long $ONON position, with ON gaining share and UAA losing share as consumer tastes evolve toward athletic wear. UAA 4Q 2024 results met estimates,…
$UA is a train wreck, even by its own high standards. Guiding FY much, much lower reflecting a new 18mo turnaround plan (I've lost count but this isn't the first) Shares down 13% pre-market. Which seems like a lot but, honestly, there isn't much credibility here. https://t.co/xmUEr0QtCR
⚠️ UNDER ARMOUR FORECASTS ANNUAL SALES BELOW ESTIMATES Full Story → https://t.co/izlRNGGnRq Apparel maker Under Armour forecast its annual revenue below analysts' expectations on Thursday, signaling soft demand for its sportswear in the U.S. as consumers cut back on… https://t.co/Wdeb1ywhPK
$UAA Under Armour provides awful guidance for F25 as the firm tries to shift its brand to a more premium position https://t.co/lLOGZT39wq
$UA Earnings: - Revenue was down 5 percent to $1.3 billion (down 5 percent currency neutral). - Diluted earnings per share was $0.02. Adjusted diluted earnings per share was $0.11. - Net Income was $7 million. Adjusted net income was $49 million. - Inventory was down 19 percent… https://t.co/1Obv4AUmGY