
Under Armour's adjusted earnings per share for the first fiscal quarter fell short of expectations
Under Armour's adjusted earnings per share for the first fiscal quarter were $0.020, compared to $0.010 in the same period last year, with an estimate of $0.03.
The first fiscal quarter reported a loss per share of $0.010, compared to a loss of $0.70 per share in the same period last year, with an estimate of a net profit of $0.01 per share.
Net revenue for the first fiscal quarter was $1.13 billion, a year-on-year decrease of 4.2%, with an estimate of $1.13 billion.
Revenue from apparel in the first fiscal quarter was $747 million, a year-on-year decrease of 1.4%, with an estimate of $735.5 million.
Revenue from footwear in the first fiscal quarter was $266 million, a year-on-year decrease of 14%, with an estimate of $291.8 million.
Adjusted operating income for the first fiscal quarter was $24.4 million, compared to $8 million in the same period last year, with an estimate of $20.7 million.
Inventory for the first fiscal quarter was $1.14 billion, a year-on-year increase of 2%, with an estimate of $1.1 billion.
Operating profit for the first fiscal quarter was $3.32 million, compared to a loss of $299.7 million in the same period last year, with an estimate of $6.04 million
