Under Armour FY25 Revenue Is Expected To Be Down 14-16% vs Prior Range Of Down 15-17%; Sees Gross Margin Up 75-100 bps, Adj. EPS $0.19-$0.22 vs $0.20 Est.
Portfolio Pulse from Benzinga Newsdesk
Under Armour has revised its FY25 revenue expectations to be down 14-16%, an improvement from the previous range of down 15-17%. The company also anticipates a gross margin increase of 75-100 basis points and adjusted EPS between $0.19 and $0.22, compared to the $0.20 estimate.
August 08, 2024 | 10:57 am
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Under Armour has improved its FY25 revenue expectations to be down 14-16%, better than the previous range of down 15-17%. The company also expects a gross margin increase of 75-100 basis points and adjusted EPS between $0.19 and $0.22, compared to the $0.20 estimate.
The improved revenue expectations and gross margin increase are positive indicators for Under Armour's financial health. The adjusted EPS range also aligns closely with estimates, suggesting stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Under Armour has improved its FY25 revenue expectations to be down 14-16%, better than the previous range of down 15-17%. The company also expects a gross margin increase of 75-100 basis points and adjusted EPS between $0.19 and $0.22, compared to the $0.20 estimate.
The improved revenue expectations and gross margin increase are positive indicators for Under Armour's financial health. The adjusted EPS range also aligns closely with estimates, suggesting stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100