Categories AlphaGraphs, Consumer, Earnings

Infographic: Highlights of Under Armour’s March-quarter earnings report

Under Armour, Inc. (NYSE: UA, UAA) has reported a net loss for the quarter that ended March 2022, compared to a profit in the prior-year quarter. Meanwhile, the sports apparel maker’s revenues increased by 3%.

Under Armour March quarter earnings infographic

The company reported a net loss of $0.01 per share for the most recent quarter, on an adjusted basis, compared to earnings of $0.06 per share in the same period of 2021. On an unadjusted basis, it was a net loss of $59.6 million or $0.13 per share during the three-month period, compared to a profit of $77.8 million or $0.17 per share last year.

Revenues increased 3% year-over-year to $1.3 billion in the March quarter. An 8% increase in the core apparel segment more than offset weakness in the footwear and accessories businesses.

Check this space to read management/analysts’ comments on Under Armour’s quarterly reports

“As global supply challenges and emergent COVID-19 impacts in China eventually normalize, we are confident that the strength of the Under Armour brand coupled with our powerful growth strategy positions us well to deliver sustainable, profitable returns to shareholders over the long-term,” said Under Armour’s CEO Patrik Frisk.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Beyond short-term challenges, Cisco’s (CSCO) prospects remain intact

Cisco Systems Inc. (NASDAQ: CSCO) is the undisputed leader in networking technology, but its core business has been facing challenges over the past few years. While the company faces stiff

Earnings: Applied Materials (AMAT) Q2 profit, revenue increase

Semiconductor technology company Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported higher earnings and revenues for the second quarter of 2022. However, the results missed analysts' estimates. Adjusted net income

Target (TGT) expects Q1 headwinds to continue to impact profitability in the near term

Shares of Target Corporation (NYSE: TGT) were down 4% on Thursday, yet to fully recover from the beating it took a day earlier after delivering mixed results for the first

Add Comment
Viewing Highlight