UAA - Why Is Under Armour Stock Trading Higher Thursday? | Benzinga
Under Armour Inc (NYSE:UAA) stock climbed Thursday after it reported its quarterly earnings.
The company’s third-quarter FY24 sales declined by 6% year-on-year to $1.49 billion, marginally missing the analyst consensus estimate of $1.50 billion.
The company’s Adjusted EPS was $0.19, beating the consensus estimate of $0.11.
Wholesale revenue decreased 13% Y/Y to $712 million, and direct-to-consumer revenue increased 4% to $741 million.
Apparel revenue declined 6% Y/Y, Footwear dropped 7%, while Accessories revenue was flat Y/Y.
North America revenue decreased 12% ...