Company Earnings UpdateUnder Armour (UA) 2Q16 Results: Profits Negatively Affected by Liquidation of Sports Authority; Company Plans to Expand Brick-and-Mortar Locations in 2016 Coresight Research July 26, 2016 Executive Summary Under Armour reported 2Q16 revenues of $1 billion, up 28.2% year over year and roughly in line with the consensus estimate. EPS was $0.01, missing the consensus by a penny and representing an 83.3% decrease from EPS of $0.06 in the year-ago quarter. The direct-to-consumer business was the strongest-performing segment, driven by the popularity of Under Armour’s new partnership with basketball player Steph Curry. The company forecasted full-year revenues of approximately $4.9 billion, representing growth of 24% over 2015. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Test post for search
