Under Armour Raises FY18 Adj. Earnings Outlook - Quick Facts

(RTTNews) - Under Armour, Inc. (UA, UAA) on Tuesday raised its adjusted earnings guidance for fiscal 2018 to a range of $0.19 to $0.22 per share, excluding the impact of the restructuring efforts, from the previous outlook range of $0.16 to $0.19 per share.

Revenue for the full year is expected to increase about 3 to 4 percent reflecting a low single-digit decline in North America and international growth of about 25 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.17 per share on revenue growth of 4.0 percent to $5.18 billion for the year. Analysts' estimates typically exclude special items.

The company expects to incur about $200 to $220 million in pre-tax restructuring and related charges in connection with its previously announced 2018 restructuring plan. Through the third quarter of 2018, the company has recognized pre-tax costs of $154 million, inclusive of $24 million of pre-tax costs recognized in the third quarter.