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Under Armor 3Q 2018 revenue




Under Armor on Tuesday, quarterly earnings and revenues reported as top analysts' expectations thanks to an increase in sales abroad and fewer campaigns, as the sniper continues to fight to increase his business in the United States

The company also increased earnings prospects for the whole year without any impact from the ongoing efforts to trim surplus stocks and cut costs. Unlike increased Nike, Adidas and Lululemon, Under Armor, competition has become pressed to roll out new goods that go beyond the performance equipment as it is known.

Shares in the company climbed more than 1[ads1]1 percent in premarket trading on the news. The stock from Monday had risen more than 25 percent so far this year.

Here's what Under Armor reported for the third quarter ended September 30, compared to what Wall Street expected, based on a survey of analysts of Refinitive: [19659005] Income per share: 25 cents, adjusted, vs. 12 cents expected

  • Revenue: $ 1.44 billion against $ 1.42 billion
  • Baltimore headquarters had a net income of $ 75.3 million, or 17 cents per share, rising from $ 54.2 million NOK, or 12 cents per share, a year ago.

    Unless disposable articles, Under Armor received 25 cents per share, rather than the 12 cents per share as expected by analysts investigated by Refinitive.

    Net sales rose by 2.4 percent to $ 1.44 billion, raising expectations of $ 1.42 billion.

    In North America, Under Armor's sales said 2 percent in the quarter to 1.1 billion dollars. There was a bigger boost abroad, where international sales jumped 15 percent to 351 million dollars and now represent 24 percent of total sales, according to the company. Its strongest segment was Latin America, followed by Europe, the Middle East and Africa, and the Asia Pacific.

    Clothing revenues increased by 4 percent, with footwear sales flat and accessory income of 6 percent, said Under Armor. Curry 5 and Project Rock 1 shoes have been the last two top sellers.

    Gross margins increased by 20 basis points to 46.5 percent, top analysts' expectations of 45.8 percent.

    "We have noted a clear focus on restoring margins and focusing on the health of the business, and with clean inventory and [gross margin] up, we think the company does it right," said the instinct analyst Simeon Siegel in a research note.

    Looking until 2018, Under Armor now expects to earn between 19 and 22 cents per share, adjusted from a previous view of between 16 and 19 cents per share.



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