Under Armor shoes are seen inside a store on November 3, 2021 in Houston, Texas.
Brandon Bells | beautiful pictures
Under armour on Friday reported fiscal fourth-quarter profit and sales ahead of analysts’ expectations, boosted by year-over-year growth in North America.
Its shares spiked in pre-market trading, having recently fallen less than 1% after rising 7%.
Here’s how the company did in the three-month period ending December 31, compared with what analysts had predicted, based on Refinitiv estimates:
- Earnings Per Share: Adjusted 14 cents vs 7 cents expected
- Revenue: $1.53 billion vs. $1.47 billion expected
Under Armor reported net income of $109.7 million, or 23 cents a share, compared with $184.5 million, or 40 cents a share, a year earlier. Excluding one-time items, it earned 14 cents a share, beating analyst estimates of 7 cents.
Revenue rose to $1.53 billion from $1.4 billion a year earlier. The figure topped analyst expectations with $1.47 billion.
Net sales in North America grew 15%, while international sales grew 3%.
Read the full Under Armor earnings press release here.
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