On May 1, Under Armour
- Revenues increased by 42%, helped by higher average selling prices in apparel.
- Gross margins declined, as margins from footwear were lower than those from apparel.
- For 2007, the company revised its revenue growth guidance from 25%-30% to 30%-35%.
-
Rule Breakers
recommendation Under Armour carries a two-star CAPS rating, while competitor Nike
(NYSE:NKE) has earned four stars.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$124.3 |
$87.7 |
41.8% |
|
Net Profit |
$9.9 |
$8.7 |
13.8% |
|
EPS |
$0.20 |
$0.18 |
11.1% |
|
Diluted Shares |
49.8 |
49.5 |
0.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
48.7% |
50.5% |
(1.8) |
|
Operating Margin |
12.9% |
16.2% |
(3.3) |
|
Net Margin |
8.0% |
10.0% |
(2.0) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$57.2 |
$58.3 |
(1.9%) |
|
Accounts Rec. |
$84.6 |
$63.2 |
33.8% |
|
Inventory |
$80.1 |
$53.5 |
49.7% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$53.8 |
$41.8 |
28.7% |
|
Long-Term Debt |
$3.0 |
$4.6 |
(35.7%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data available. (Lame!)
Free cash flow is a Fool's best friend.
Related Foolishness:
- Marvel vs. Under Armour: Under Armour
- Select Comfort vs. Under Armour: Under Armour
- Under Armour Sets the Pace
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
