Sees Q2 revenue down 6%-7%. Sees Q2 gross margin down 340-360 basis points. Sees Q2 adjusted operating income $30M-$40M. Plank continued, “Moving ahead, we’re focused on strengthening our brand positioning with premium products and increasing our average selling prices through innovative offerings, optimizing our top-volume programs, and creating a more compelling full, price-to-value proposition. Regardless of the backdrop, this is about building a fearless, thoughtful, and stronger Under Armour (UAA) (UA).”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UA:
- Notable companies reporting before tomorrow’s open
- UA Upcoming Earnings Report: What to Expect?
- Cautious Hold Rating for Under Armour Amid Revenue Challenges and Strategic Adjustments
- Under Armour Class A call volume above normal and directionally bullish
- Under Armour price target lowered to $6.50 from $7 at Goldman Sachs