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Under Armour Q1 Earnings Call Highlights
['Max Byerly']
Ticker Report
North America revenue fell 9% in the first quarter, driven by softer spring and summer wholesale orders as well as traffic pressures in e-commerce and company-operated stores.
Latin America revenue rose 8%, aided by foreign exchange, while constant-currency revenue increased 1%.
It forecast adjusted operating income of $10 million to $20 million and an adjusted diluted loss per share of $0.01 to $0.03.
“We will not solve that by chasing unhealthy volume or buying short-term revenue,” Plank said in closing remarks.
About Under Armour (NYSE:UA)Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories.