Is Under Armour Back on Track?

By Chris Lange Updated Jan 11, 8:23PM EST · Published Jul 26, 8:40AM EDT

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Under Armour Inc. (NYSE: UAA) released its second-quarter financial results before the markets opened on Thursday. The company said that it had a net loss of $0.08 per share and $1.17 billion in revenue, which compares with consensus estimates from Thomson Reuters of a net loss of $0.08 per share and $1.15 billion in revenue.

In the same period of last year, the company said it had a per-share net loss of $0.03 and revenue of $1.09 billion.

In terms of its segments, the company reported as follows:

Apparel revenues increased 9.8% year over year to $747.29 million.
Footwear revenues increased 14.5% to $271.38 million.
Accessories revenues decreased 13.6% to $105.91 million.

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Looking ahead to the 2018 full year, the company expects to see EPS in the range of $0.14 to $0.18 and revenues to increase roughly 3% to 4%. The consensus estimates call for $0.18 in EPS and $5.17 billion in revenue for the year.

Kevin Plank, Under Armour board chair and chief executive, commented:

Through the first half of 2018, we are making progress toward our transformation of running a more operationally excellent company while amplifying the power of the Under Armour brand. The ongoing improvements in our structure, systems and go-to-market process across our global business better position us to drive a more consistent, predictable path to deliver for our consumers, customers and shareholders over the long-term.

Shares of Under Armour closed Wednesday at $21.08, with a consensus analyst price target of $17.65 and a 52-week trading range of $11.40 to $24.69. Following the announcement, the stock was up about 9% at $23.00 in early indications Thursday.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.