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Article Date: February 2018
Word Count: 793

Under Armour Has Loss in Q4 after Charges, Sees More Losses in H1 18


The net loss was $87,920,000 against income of $103,230,000 for the final quarter ended Dec. 31 which included pre-tax restructuring charges of $35,952,000 this year and a $39 million hit on income taxes from repatriation and deferred tax benefit revaluation, but also showed more gross margin erosion and the impact of an SG&A structure built to support a much bigger business in 2017 than actually materialized. Sales slightly exceeded guidance on stronger international growth at $1,365,361,000 from $1,305,277,000. For the FY, Under Dog had a loss of $48,260,000, including $124,049,000 in restructuring costs, against income of $197,979,000 on sales of ... Log in to view full article.

 


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