Reports Q3 revenue $1.49B, consensus $1.51B. Inventory was down 9% to $1.1B. “Despite a mixed retail environment during the holiday season, our third quarter revenue results were in line with our expectations; we were able to deliver better than anticipated profitability and remain on track to achieve our full-year outlook,” said Under Armour President and CEO Stephanie Linnartz. “As we close out fiscal 2024 and our strengthened leadership team begins to come up to speed in the quarters ahead – we are working to reset Under Armour toward a path of improved revenue growth and enhanced value creation in the future.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on UA:
- UNDER ARMOUR REPORTS THIRD QUARTER FISCAL 2024 RESULTS; TIGHTENS FISCAL 2024 OUTLOOK
- UA Earnings this Week: How Will it Perform?
- Under Armour Class A call volume above normal and directionally bullish
- Under Armour Class A put volume heavy and directionally bearish
- Celanese and Under Armour develop new NEOLAST fiber for performance stretch
