Fourth Quarter, Andrew Turned Profit Deficit Exceeded Expectations

Investors expect Under Armour Inc. (NYSE:UA) (NYSE:UAA) after the expected fourth quarter performance announcement.

Inventory improvement and cost management, pushing up American sports

The company's share price rose 6.88% to $22.21 a day.

In the fourth quarter, Andrew turned into a deficit, earning $4 million 218 thousand net profit or earnings per share of $0.01, a loss of $87 million 920 thousand in the four quarter of 2017.

After adjustment, the fourth quarter EPS 0.09 dollars, far exceeding

The expected $0.04.

During the reporting period, revenue grew by 1.5% to 1 billion 390 million dollars, and the fixed exchange rate increased by 3%, exceeding the market forecast of $1 billion 380 million.

According to the world clothing and shoe net, as of the end of December, the amount of $1 billion 19 million 500 thousand of Andrew stock was reduced by 12% compared to the 1 billion 158 million 500 thousand US dollars at the end of 2017, and the benefits were reduced by promotion and product cost improvement. The group's fourth quarter gross profit margin was revised to 160 basis points to 45%. After adjustment, the gross margin of 45.1% was also improved by 160 basis points.

Sales of the group's largest North American market continued to decline 5.8% to 964 million 800 thousand US dollars in the fourth quarter, but was offset by an increase of 35.2% and 31.7% in the Asia Pacific and EMEA markets.

The largest category of clothing sales increased by 2%, which also offset the weak performance of shoe business.

Wholesale income decreased by 1% to 737 million dollars in the quarter, while retail income was flat at 577 million US dollars, accounting for 41%.

Chief executive Kevin Plank said in a statement that the 2018 performance showed that the result of the pformation of the company was moving towards a higher operational direction.

In the year of 2018, Andrew's revenue increased by 4.1% to 5 billion 193 million 200 thousand US dollars. The growth of 4% of the direct channel was offset by a 3% decline in wholesale business. The 23% increase in international business offset the 2% decline in the North American market.

The annual net loss was narrowed from $48 million 260 thousand to $46 million 302 thousand, with a profit of $-0.10 per share, -0.11 in 2017, and $0.27 per share after adjustment.

Gross profit margin recorded 45.1% year-on-year, unchanged from last year, and 30 basis points to 45.5% after adjustment.

Andrew maintains the revenue growth of 3-4% in the current fiscal year, and the North American market is expected to be positive; gross margin is expected to improve by 60-80 basis points by reducing sales promotion and increasing direct sales ratio; operating profit is expected to be 2.10-2.30 billion; EPS EPS expects us $.

Kevin Plank said that the company will continue to focus on sports category products, overturn the previous pition concerns leisure market categories.

Tuesday's rally expanded Under Armour Inc. (NYSE:UAA) Andemar's growth rate to 24.71% this year, with a continuous super expected quarterly performance, which jumped 32.99% in December.

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