Under Armour's Mixed Q3 Earnings: Revenue Beats, Sales Drop

Under Armours Q3 earnings show mixed results, with revenue slightly surpassing expectations but sales declining year-over-year. Despite the revenue dip, non-GAAP profit per share beat estimates. The companys CEO expressed optimism about brand momentum in North America, indicating strategic improvements. However, adjusted EBITDA missed estimates, operating margin significantly decreased, and full-year earnings per share guidance fell short of expectations, leaving some uncertainty about the companys immediate future performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.