Under Armour CEO Signals 'Premium' Brand Transformation After Strong Q2 Performance, Stock Soars
Under Armour CEO Signals 'Premium' Brand Transformation After Strong Q2 Performance, Stock Soars
Apparel revenue slipped 12% year over year, Footwear revenue dropped 11%, and Accessories revenue rose 2%. North American revenue decreased 13% to $863 million, and international revenue declined 6% to $538 million.Under Armour Inc. (NYSE:UAA) (NYSE:UA) shares surged on Thursday after the company reported better-than-expected second-quarter results.
美國安德瑪股份有限公司（紐交所：UAA）（紐交所：UA）股價在週四大漲，此前該公司公佈了超出預期的第二季度業績。
The company reported a 10.7% year-over-year decline in net revenue to $1.399 billion, surpassing the $1.38 billion analyst consensus. Adjusted EPS was $0.30, above the consensus of $0.20.
公司報告顯示，淨營業收入同比下降10.7%至13.99億美元，超過了13.8億美元的分析師一致預期。調整後每股收益爲0.30美元，高於0.20美元的一致預期。
Wholesale revenue decreased 12% year over year to $826 million, and direct-to-consumer revenue was down 8% to $550 million.
批發營業收入同比下降12%至82600萬美元，直銷零售收入下降8%至55000萬美元。
Apparel revenue slipped 12% year over year, Footwear revenue dropped 11%, and Accessories revenue rose 2%. North American revenue decreased 13% to $863 million, and international revenue declined 6% to $538 million.
服裝收入同比下降12%，鞋類收入下降11%，配飾收入增長2%。北美營業收入減少13%，至86300萬美元，國際營業收入下降6%，至53800萬美元。
Gross profit decreased 7% to $696.13 million, and the gross margin expanded 200 basis points to 49.8%.
毛利潤減少7%，至69613萬美元，毛利率擴大200個點子，至49.8%。
Operating income totaled $173 million; adjusted for one-time items, it was $166 million.
營業利潤總額爲17300萬美元；調整後爲16600萬美元，除去1300萬美元的保險賠償和300萬美元的重組費用。
Selling, general, and administrative expenses dropped 15% YoY to $520 million; adjusted expenses fell 13% to $530 million, excluding $13 million in insurance recovery and $3 million in restructuring costs.
銷售、一般和管理費用同比下降15%，至52000萬美元；調整後費用減少13%，至53000萬美元，不包括1300萬美元的保險賠償和300萬美元的重組費用。
As of September end, the company held $531 million in cash and equivalents. Inventory was $1.1 billion, a 3% decrease.
截至九月底，公司持有53100萬美元的現金及等價物。存貨爲11億美元，下降3%。
In May 2024, Under Armour announced a restructuring plan, later expanded in September to include closing its Rialto, California facility, raising the cost range to $140 million – $160 million. As of the second fiscal quarter, it incurred $40 million in charges and expenses, with remaining expenses expected through 2026.
2024年5月，Under Armour宣佈了一項重組計劃，後來在9月擴大範圍，包括關閉其位於加利福尼亞里阿爾託的設施，將成本範圍提高至14000萬 – 16000萬美元。截止第二財季，公司已經承擔了4000萬美元的費用和開支，預計剩餘費用將持續到2026年。
"Our second quarter fiscal 2025 performance demonstrates that our strategy to reconstitute the Under Armour brand and establish a more premium position in the marketplace is gaining traction. With better-than-expected results, we are pleased to raise our full-year profitability outlook while simultaneously increasing marketing investments to amplify our brand," commented Under Armour President and CEO Kevin Plank.
「我們2025財年第二季度的業績表明，我們重塑Under Armour品牌、在市場上建立更高端定位的戰略正在取得成效。憑藉超出預期的業績，我們很高興地提高了今年整體盈利前景，同時增加了營銷投資以增強我們的品牌，」Under Armour總裁兼首席執行官Kevin Plank評論道。
2025 Outlook Updated: Under Armour raised its adjusted EPS forecast from $0.19 – $0.21 to $0.24 – $0.27. Revenue is still expected to decline by a low double-digit percentage, with North America projected to drop 14% – 16%.
2025展望更新：Under Armour將其調整後的每股收益預測從0.19美元 – 0.21美元提高至0.24美元 – 0.27美元。營業收入仍預計下降一位數百分比，北美預計下降14% – 16%。
The company expects gross margin to be up 125 to 150 basis points compared to the prior expectation of a 75 to 100 basis point improvement. Adjusted operating income is expected to be $165 million to $185 million, compared to the prior expectation of $140 million to $160 million.
公司預計毛利率將比之前預期提高125至150個點子，調整後的營業收入預計爲16500萬至18500萬美元，而不是之前預期的14000萬至16000萬美元。
Price Action: UAA shares are trading higher by 25.1% at $10.09 at the last check Thursday.
股價走勢：UAA股票在週四最後一次交易時上漲了25.1%，報價10.09美元。
Photo via Shutterstock
圖片來自shutterstock
譯文內容由第三人軟體翻譯。
