Under Armour's Turnaround Plan Has the Stock Up 30% Today [Yahoo! Finance]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: Yahoo! Finance
The athletic apparel maker increased its gross margin and slashed expenses, and boosted its guidance. Founder and CEO Kevin Plank said the turnaround plan is "gaining traction." Under Armour ( UA UAA ) shares skyrocketed as the athletic apparel maker's better-than-expected results and increased guidance indicated that CEO Kevin Plank's turnaround plan is working. The company posted fiscal 2025 second-quarter adjusted earnings per share (EPS) of $0.30, with revenue falling 10.7% to $1.4 billion. Both numbers exceeded forecasts. The company now sees full-year adjusted EPS of $0.24 to $0.27, up from its previous outlook of $0.19 to $0.21. It anticipates gross margin will gain 125 to 150 basis points, compared to its previous estimate of a 75- to 100-basis-point rise. (A basis point is a hundredth of a percentage point.) Shares of Under Armour, recently up nearly 30% after backing off intraday highs, were at some of their highest levels since early 2023. Under Armour said its
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