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.
周四，UA股票(NYSE: UAA) (NYSE: UA)股价上涨，因公司发布了2025财年第一季度业绩报告。
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.
公司报告称，第一季度销售额同比下降10.1%至11.83亿美元，超出分析师预期的11.4亿美元。
The company's adjusted EPS was $0.01, above the $0.08 consensus loss.
公司调整后的每股收益为0.01美元，高于市场预期的每股亏损0.08美元。
Wholesale revenue decreased 8% YoY to $681 million, and direct-to-consumer revenue was down 12% at $480 million.
批发收入同比下降8%至68100万美元，直接到消费者的收入下降了12%至48000万美元。
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.
服装销售下降8%，鞋类销售下降15%，配饰销售下降5%。北美销售额下降14.2%至7.09亿美元，国际销售额增长2%至4.73亿美元。
Gross profit decreased 7.9% to $562.67 million, and the gross margin expanded 110 basis points to 47.5%.
毛利润下降7.9%至56267万美元，毛利率扩张110个基点至47.5%。
The company incurred an operating loss of $299.73 million in the quarter compared to an operating income of $22.42 million.
与去年同期2242万美元的营业收入相比，公司本季度出现了29973万美元的营业亏损。
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，公司持有现金和等价物88500万美元。存货为11亿美元，降幅为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宣布了一项估计为7000万至9000万美元的重组计划。目前已发生3400万美元的费用，其中现金1900万美元，非现金1500万美元。其余费用预计将在2025财年发生。
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回购了4000万美元的C类普通股，累计回购590万股，授权仍有约4.6亿美元。
"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总裁兼首席执行官凯文·普兰克表示:"我们对Under Armour品牌的重新定位取得了初步进展，并对我们2025财年第一季度的业绩结果感到满意，超出了预期。"
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预计营收将以两位数的速度下降，其中包括北美市场14%至16%的下降（先前为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.
公司预计调整后的每股收益为0.19美元至0.22美元（先前为0.18美元至0.21美元），而市场预期为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.
毛利率预计将上升75到100个基点，调整后的营业利润预计将为1.4亿美元至1.6亿美元，而之前的预期为1.3亿美元至1.5亿美元。
Price Action: UAA shares are trading lower by 11.3% at $6.98 in premarket at the last check Thursday.
周四最终检查时，UAA股票以6.98美元的价格交易，下跌11.3%。
Photo via Shutterstock
图片来自shutterstock。
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