Under Armour Beats Q1 Estimates Despite Sales Dip, Shows Restructuring Progress
Under Armour Beats Q1 Estimates Despite Sales Dip, Shows Restructuring Progress
Wholesale revenue decreased 8% YoY to $681 million, and direct-to-consumer revenue was down 12% at $480 million.Under Armour Inc (NYSE:UAA) (NYSE:UA) stock gained after the company reported first-quarter 2025 results on Thursday.
週四，UA股票(NYSE: UAA) (NYSE: UA)股價上漲，因公司發佈了2025財年第一季度業績報告。
The company reported a first-quarter sales decline of 10.1% year-over-year to $1.183 billion, beating the analyst consensus estimate of $1.140 billion.
公司報告稱，第一季度銷售額同比下降10.1%至11.83億美元，超出分析師預期的11.4億美元。
The company's adjusted EPS was $0.01, above the $0.08 consensus loss.
公司調整後的每股收益爲0.01美元，高於市場預期的每股虧損0.08美元。
Wholesale revenue decreased 8% YoY to $681 million, and direct-to-consumer revenue was down 12% at $480 million.
批發收入同比下降8%至68100萬美元，直接到消費者的收入下降了12%至48000萬美元。
Apparel revenue slipped 8%, Footwear revenue dropped 15%, and Accessories revenue decreased 5%. North American revenue decreased 14.2% to $709 million, and international revenue increased 2% to $473 million.
服裝銷售下降8%，鞋類銷售下降15%，配飾銷售下降5%。北美銷售額下降14.2%至7.09億美元，國際銷售額增長2%至4.73億美元。
Gross profit decreased 7.9% to $562.67 million, and the gross margin expanded 110 basis points to 47.5%.
毛利潤下降7.9%至56267萬美元，毛利率擴張110個點子至47.5%。
The company incurred an operating loss of $299.73 million in the quarter compared to an operating income of $22.42 million.
與去年同期2242萬美元的營業收入相比，公司本季度出現了29973萬美元的營業虧損。
The company held $885 million in cash and equivalents as of June-end. Inventory was $1.1 billion, a 15% decrease.
截至6月底，公司持有現金和等價物88500萬美元。存貨爲11億美元，降幅爲15%。
In May 2024, Under Armour announced a restructuring plan estimated at $70 million – $90 million. So far, $34 million in charges have been incurred, with $19 million in cash and $15 million in non-cash. Remaining charges are expected in fiscal 2025.
2024年5月，UA宣佈了一項估計爲7000萬至9000萬美元的重組計劃。目前已發生3400萬美元的費用，其中現金1900萬美元，非現金1500萬美元。其餘費用預計將在2025財年發生。
In the quarter, UAA repurchased $40 million of its Class C common stock, reflecting 5.9 million shares retired, leaving ~$460 million under the authorization.
本季度，UAA回購了4000萬美元的C類普通股，累計回購590萬股，授權仍有約4.6億美元。
"We are encouraged by early progress in our efforts to reconstitute a premium positioning for the Under Armour brand and pleased with our first quarter fiscal 2025 results that were ahead of expectations," said Under Armour President and CEO Kevin Plank.
UA總裁兼首席執行官凱文·普蘭克表示:"我們對Under Armour品牌的重新定位取得了初步進展，並對我們2025財年第一季度的業績結果感到滿意，超出了預期。"
2025 Outlook: Under Armour expects revenue to be down at a low-double-digit percentage rate, including a 14% – 16% decline (previously 15% – 17% decline) in North America.
2025年展望：Under Armour預計營收將以兩位數的速度下降，其中包括北美市場14%至16%的下降（先前爲15%至17%的下降）。
The company sees Adjusted EPS of $0.19 – $0.22 (prior $0.18 – $0.21) versus an estimate of $0.20.
公司預計調整後的每股收益爲0.19美元至0.22美元（先前爲0.18美元至0.21美元），而市場預期爲0.20美元。
Gross margin is expected to be up 75 to 100 basis points. Adjusted Operating income is expected to be $140 million to $160 million versus the previous expectation of $130 million to $150 million.
毛利率預計將上升75到100個點子，調整後的營業利潤預計將爲1.4億美元至1.6億美元，而之前的預期爲1.3億美元至1.5億美元。
Price Action: UAA shares are trading lower by 11.3% at $6.98 in premarket at the last check Thursday.
週四最終檢查時，UAA股票以6.98美元的價格交易，下跌11.3%。
Photo via Shutterstock
圖片來自shutterstock。
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