Under Armour Reports First-Ever Quarterly Loss, But Beats Predictions

Under Armour today reported a Q1 loss of $2.3M, down from a profit of 19.2M in the year-ago period, but "still beat Wall Street expectations." Fueled by a 52% "rise in international sales," revenue rose to $1.12B, "edging out analyst projections" ( AP, 4/27 ). The results, made public before the market opened, marked UA's "first-ever operating loss as a public company" as it faces a "weak U.S. apparel market" ( Baltimore SUN, 4/25 ). North American sales were down 1%. The company "affirmed its full-year revenue guidance" ( MARKETWATCH.com, 4/27 ).