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.
