Under Armour reports Q2 EPS 24c, consensus 21c

Reports Q2 revenue $1.57B, consensus $1.57B. Inventory was up 6% to $1.1B. “Our second quarter results, particularly profitability, exceeded our expectations,” said Under Armour President and CEO Stephanie Linnartz. “Consequently, we are maintaining our fiscal 2024 operating income and EPS outlook even as we lower our revenue expectations primarily in response to challenges in North America during the back half of the year.”