Fiscal 2024 Outlook
Key points related to Under Armour’s fiscal year 2024 outlook include:
•Revenue is expected to be down 2 to 4 percent versus the previous expectation of “flat to up slightly.”
•Gross margin is expected to be up 100 to 125 basis points versus the previous expectation of up 25 to 75 basis points.
•Selling, general & administrative expenses are expected to be “flat to down slightly” versus the previous expectation of “flat to up slightly.”
•Operating income remains unchanged from the previous expectation of $310 million to $330 million.
•Effective tax rate remains unchanged from the previous expectation of a low twenties percentage range.
•Diluted earnings per share remain unchanged from the previous expectation of between $0.47 and $0.51.
•Capital expenditures are now expected to reach between $230 million and $250 million.
