UAA - Under Armour soars after smashing estimates boosting guidance

Under Armour (NYSE:UAA) jumps in early trading after posting broad sales gains across categories and geographies in Q3. The company picked up its marketing efforts during the quarter to help stoke demand. Wholesale revenue increased 10% to $911M and direct-to-consumer revenue rose 12%t to $604M. North America revenue showed a gain of 8% to $1.0B and international revenue increased 18% to $510M. Apparel revenue jumped 14% to $1.1B. Footwear revenue increased 10% to $330M. Accessories revenue decreased 13% to $126M. Gross margin was up 310 basis points to 51.0% of sales, driven by benefits from pricing and channel mix, offset by the absence of MyFitnessPal and supply chain headwinds. Looking ahead, UAA sees revenue growth increasing at approximately a 25% clip compared to the previous expectation of a low-twenties percentage increase, reflecting a high-twenties percentage growth rate in North America and a mid-thirties percentage growth rate in the international business. The

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Under Armour soars after smashing estimates, boosting guidance