Under Armour reports Q1 EPS 2c, consensus (2c)

Reports Q1 revenue $1.32B, consensus $1.3B. Inventory was up 38% to $1.3B. “We’re pleased with how we have navigated our start to fiscal 2024,” said Under Armour president and CEO Stephanie Linnartz. “Our international and direct-to-consumer businesses, both of which realized solid growth in the quarter, continue to deliver aside a challenging consumer retail environment in North America. Based on this performance, we are maintaining our outlook for fiscal 2024.”