NYSE$UA
Under Armour · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Under Armour's financial results for Q1 2020 were reported, highlighting the impact of COVID-19.
Under Armour reported a 23% decrease in revenue to $930 million due to the COVID-19 pandemic, with significant declines in North America and international markets. The company is focusing on cost management and liquidity to navigate the crisis.
- Revenue decreased by 23% to $930 million, with COVID-19 impacts accounting for approximately 15 percentage points of the decline.
- Wholesale revenue decreased by 28% to $592 million, and direct-to-consumer revenue decreased by 14% to $284 million.
- Operating loss was $558 million, which included $436 million in restructuring and impairment charges.
- The company is reducing planned 2020 operating expenses by approximately $325 million through various cost-cutting initiatives.
Headline financials
Revenue & EPS history
Under Armour · Revenue · Quarterly
$930M
Revenue by segment
Under Armour · $1.57B total across 3 segments · Q2 2024
- Apparel$1.1B+5.9%70.3%
- Footwear$351M-6.6%22.4%
- Accessories$114M+2.6%7.3%
Forward guidance
Due to the high level of uncertainty with respect to the duration and scope of the current COVID-19 event, the quantification of negative impacts on our financial and operating results cannot reasonably be estimated at this time. The company is expecting to reduce its originally planned 2020 operating expenses by approximately $325 million through various initiatives.
Tailwinds
- Taking actions to limit broader marketing activations until we have greater visibility into the magnitude of virus impact on consumer demand and behavior.
- Reducing incentive compensation.
- Temporarily laying off teammates that worked in our owned retail stores and U.S.-based distribution centers.
- Tightening our hiring, contract services and travel and other discretionary and variable costs.
- Postponing planned capital expenditures contributing to reduced depreciation.
Headwinds
- Uncertainty with respect to the duration and scope of this current event
- Quantification of negative impacts on our financial and operating results cannot reasonably be estimated at this time.
- Store closures
- Traffic declines
- Decreased net revenue and cash flow projections
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
-0.5%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-2.0%
Avg return
30 days after
54%
22 / 41 earnings
Positive
+24.6%
Q4 2015
Best reaction
-27.8%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -16.8% | -15.0% | -1.2% | |
| Q3 2026 | +19.3% | +9.8% | +4.2% | |
| Q2 2026 | -1.1% | +0.7% | -1.6% | |
| Q4 2025 | +1.7% | +7.8% | +9.2% | |
| Q3 2025 | -4.6% | -10.3% | -12.7% | |
| Q2 2025 | +8.7% | +6.8% | +12.3% | |
| Q1 2025 | +22.3% | +24.7% | +19.6% | |
| Q4 2024 | -0.5% | -0.6% | -2.0% | |
| Q3 2024 | +4.8% | +3.2% | +7.5% | |
| Q2 2024 | +1.0% | -1.8% | +19.0% | |
| Q1 2024 | +1.3% | +1.3% | -6.4% | |
| Q4 2023 | -10.1% | -10.6% | -11.6% | |
| Q3 2023 | -10.9% | -12.4% | -27.2% | |
| Q2 2023 | +16.0% | +12.5% | +42.1% | |
| Q1 2023 | +1.2% | +5.6% | -10.2% | |
| Q1 2022 | -27.8% | -30.9% | -24.2% | |
| Q4 2021 | -12.8% | -12.7% | -19.2% | |
| Q3 2021 | +18.2% | +12.1% | +4.9% | |
| Q2 2021 | +13.3% | +16.9% | +11.6% | |
| Q1 2021 | +6.3% | +1.8% | -4.1% | |
| Q4 2020 | +9.5% | +7.4% | +10.9% | |
| Q3 2020 | +6.1% | +6.1% | +22.2% | |
| Q2 2020 | -13.7% | -7.3% | -10.2% | |
| Q1 2020 | -14.1% | -22.7% | +5.4% | |
| Q4 2019 | -14.9% | -14.9% | -51.8% | |
| Q3 2019 | -13.7% | -16.0% | -10.0% | |
| Q2 2019 | -16.6% | -21.3% | -30.5% | |
| Q1 2019 | +2.8% | -0.9% | +2.8% | |
| Q4 2018 | +3.8% | -0.6% | +3.9% | |
| Q3 2018 | +18.0% | +27.4% | +29.4% | |
| Q2 2018 | -2.3% | -5.1% | -0.2% | |
| Q1 2018 | +6.6% | +2.5% | +23.3% | |
| Q4 2017 | +22.5% | +19.7% | +4.9% | |
| Q3 2017 | -23.4% | -28.2% | -19.1% | |
| Q2 2017 | -9.1% | -8.3% | -16.6% | |
| Q1 2017 | +7.0% | +3.3% | -0.4% | |
| Q4 2016 | -25.1% | -27.5% | -24.4% | |
| Q3 2016 | -16.1% | -21.2% | -27.3% | |
| Q2 2016 | -8.9% | -7.9% | -1.3% | |
| Q1 2016 | +6.9% | — | — | |
| Q4 2015 | +24.6% | — | — | |
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