UAA - Under Armour higher after earnings topper guidance lift

Under Armour (UAA) reports total revenue was up 35% in Q1 to $1.13B, led by a 32% jump in the North America business and 58% gain in the international business to $452M. Footwear revenue increased 47% to $309M during the quarter and accessories revenue increased 73% to $117M. Looking ahead, Under Armour anticipates revenue will be up during the full year at high-teen rate and adjusted EPS will land in a range of $0.28 to $0.30 vs. former guidance for $0.12 to $0.14 and $0.21 consensus. Adjusted operating income of $230 to $240M is anticipated vs former guidance for $130M to $150M and $181.1M consensus. Gross margin now expected to be up ~50 bps from a year ago. The company expects to realize approximately $35M to $40M in charges related to its restructuring plan in the second quarter. UAA believes it will back on the offensive in 2021 with a

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Under Armour higher after earnings topper, guidance lift