Under Armour reported second quarter revenue of $1.10 billion, missing analyst estimates of $1.11 billion and declining 3.2% year over year, while adjusted EPS of $0.05 significantly beat the $0.02 consensus. CEO Kevin Plank described the quarter as a reset, citing softer consumer demand in North America and Asia Pacific and a promotional retail environment. Management reiterated full-year adjusted EPS guidance of $0.10 at the midpoint, and adjusted operating income of $52.39 million beat estimates by 47.2%. During the earnings call, analysts questioned the company about the success of its Bouncy Tee, SKU reduction plans, revised revenue outlook, and regional traffic trends, with Plank emphasizing disciplined marketplace management over chasing short-term sales.
Under Armour Inc ARevenue missed estimates and declined 3.2% due to softer consumer demand in North America and Asia Pacific.
