Stock Monitor: Ralph Lauren Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 29, 2018 / If you want access to our free earnings report on Under Armour, Inc. (NYSE: UAA), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=UAA. The Company reported its first quarter fiscal 2018 operating and financial results on May 01, 2018. The sports apparel Company outperformed top- and bottom-line expectations, and updated its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Ralph Lauren Corporation (NYSE: RL), which also belongs to the Consumer Goods sector as the Company Under Armour. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=RL

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Under Armour most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=UAA

Earnings Highlights and Summary

For the quarter ended March 31, 2018, Under Armour's revenues were up 6% to $1.19 billion compared to $1.19 billion in Q1 2017. The Company's revenue numbers beat analysts' estimates of $1.12 billion.

During Q1 2018, Under Armour's gross margin declined 120 basis points (bps) to 44.2%, as benefits from changes in foreign currency rates were more than offset by accelerated inventory management initiatives. The Company's adjusted gross margin, which excluded an $8 million impact related to restructuring efforts, was 44.8%, representing a decrease of 60 bps compared to the prior year's same quarter.

For Q1 2018, Under Armour's selling, general, and administrative expenses (SG&A) increased 3% to $514.6 million on a y-o-y basis, or 43.4% of revenues, driven by continued investments in the direct-to-consumer, footwear, and international businesses.

Under Armour's operating loss was $28.7 million in Q1 2018 compared to an operating income of $7.5 million in Q1 2017. The Company's restructuring and impairment charges were $37 million in the reported quarter. Under Armour's adjusted operating income was $16.3 million in Q1 2018.

For Q1 2018, Under Armour's net loss was $30.2 million, or $0.07 loss per diluted share, compared to a net income of $31.0 million, or $0.07 per diluted share, in Q1 2017. Excluding the impact of the restructuring plan, the Company's adjusted net income was $768,000, or $0.00 per share. The Company's earnings results were better than Wall Street's estimates for a loss of $0.05 per share.

Cash Matters

At the end of Q1 2018, Under Armour's inventory increased 27% to $1.1 billion. As of March 31, 2018, the Company's cash and cash equivalents totaled $283.6 million compared to $172.1 million as on March 31, 2017.

Outlook

For the full fiscal year 2018, Under Armour's net revenues are expected to be up at a low single-digit percentage rate, reflecting a mid-single-digit decline in North America and an international growth of greater than 25%.

For FY18, Under Armour is estimating gross margin to increase approximately 50 basis points to 45.5%, due to benefits from lower planned promotional activities, product costs, channel mix, and changes in foreign currency. The Company's operating income is expected to reach $20 million to $30 million. Excluding the impact of continued restructuring efforts, the Company's adjusted operating income is expected to be $130 million to $160 million, while its adjusted diluted earnings per share is expected to be in the range of $0.14 to $0.19. The Company's capital expenditure is planned to be approximately $225 million for FY18 compared to $275 million in FY17.

Stock Performance Snapshot

May 25, 2018 - At Friday's closing bell, Under Armour's stock rose 1.31%, ending the trading session at $20.85.

Volume traded for the day: 4.61 million shares.

Stock performance in the last month ? up 23.30%; previous three-month period ? up 20.87%; past twelve-month period ? up 6.98%; and year-to-date ? up 44.49%

After last Friday's close, Under Armour's market cap was at $8.66 billion.

The stock is part of the Consumer Goods sector, categorized under the Textile - Apparel Clothing industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors