Under Armour’s second-quarter results overview
Under Armour (UAA) reported its second-quarter results on July 26. The company reported an 8.0% YoY (year-over-year) increase in revenues to $1.17 billion, beating the consensus by $27.0 million. Its earnings were in line with forecasts and stood at $0.08, compared to $0.03 in the same quarter last year.
Under Armour stock surged 4.5% on July 26 in response to the revenue beat. The company is now sitting at YTD (year-to-date) gains of 52.0%.
There were no rating changes on UAA after the results, although some of the analysts adjusted their price target on the company. Please read Part 4 to learn more about the company’s stock market performance and analyst ratings.
About Under Armour
Under Armour is a developer, marketer, and distributor of athletic apparel, footwear, and accessories. North America is its largest market and accounts for close to 75% of its total sales. The company also has a presence in Europe, the Middle East, the Asia-Pacific, and Latin America. Apparel is its largest category and accounts for more than 65.0% of its total business.
ETF investors seeking to add exposure to Under Armour can consider the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (RCD), which invests 0.64% of its portfolio in the company.