Under Armour Sees FY25 Adj. EPS $0.18-$0.25 vs $0.59 Est., Revenue Down Low-Double-Digit Percentage Rate Including Expected 15-17% Decline In North America
Portfolio Pulse from Benzinga Newsdesk
Under Armour has revised its FY25 adjusted EPS forecast to $0.18-$0.25, significantly below the estimated $0.59. The company also expects a low-double-digit percentage decline in revenue, including a 15-17% drop in North America.
May 16, 2024 | 11:33 am
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Under Armour has significantly lowered its FY25 adjusted EPS forecast to $0.18-$0.25, compared to the $0.59 estimate. The company also anticipates a low-double-digit percentage decline in revenue, with a 15-17% drop in North America.
The significant downward revision in EPS and revenue forecasts indicates potential financial struggles, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Under Armour has significantly lowered its FY25 adjusted EPS forecast to $0.18-$0.25, compared to the $0.59 estimate. The company also anticipates a low-double-digit percentage decline in revenue, with a 15-17% drop in North America.
The significant downward revision in EPS and revenue forecasts indicates potential financial struggles, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100