UAA - Under Armour Non-GAAP EPS of -$0.01 misses by $0.13 revenue of $1.3B misses by $40M

Under Armour press release (NYSE:UAA): Q1 Non-GAAP EPS of -$0.01 misses by $0.13. Revenue of $1.3B (+3.2% Y/Y) misses by $40M. Shares +2.6% PM. FY2023 Outlook: Revenue is expected to increase 5% to 7% vs. consensus growth of 4%, reflecting a mid-single-digit growth rate in North America and a low-teens growth rate in the international business; Gross margin is expected to be down 150 to 200 basis points compared to the baseline period's adjusted gross margin of 49.6%; Operating income is expected to reach $375M to $400M vs. the comparable baseline period adjusted operating income of $424M; Adjusted diluted earnings per share is expected to be between $0.63 and $0.68 vs. consensus of $0.72.

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Under Armour Non-GAAP EPS of -$0.01 misses by $0.13, revenue of $1.3B misses by $40M