Under Armour slightly misses Q1 revenue expectations, maintains FY profitability outlook
UAA•Overview
- US athletic apparel maker's fiscal Q1 revenue fell 3%, a slight miss versus analyst expectations
- Adjusted EPS for fiscal Q1 was $0.05, beating analyst expectations
- Company now expects full-year revenue outlook in mid-single-digit percentage decline
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 20 "hold" and 3 "sell" or "strong sell"
- The average consensus recommendation for the apparel & accessories peer group is "buy"
- Wall Street's median 12-month price target for Under Armour Inc is $5.50, about 14.1% below its August 6 closing price of $6.40
- The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 27 three months ago
Outlook and result drivers
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Under Armour now expects fiscal 2027 revenue to decline at a mid-single-digit percentage rate
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Company expects fiscal 2027 adjusted diluted EPS outlook at $0.08 to $0.12
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SG&A expense for fiscal 2027 is now expected to decrease at a high-single-digit rate
