Under Armour, Inc. Reaffirms FY 2012 EBIT Guidance; Lowers FY 2012 Revenue Guidance

Under Armour, Inc. announced that it continues to expect fiscal 2012 operating income (EBIT) growth at the higher end of its 20% to 25% long-term growth target. The Company expects fiscal 2012 net revenues growth at the low end of its 20% to 25% long-term growth target, compared to the prior guidance at the higher end of its 20% to 25% long-term growth target. The Company reported operating income of $163 million and net revenues of $1.473 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report EBIT of $203 million and revenue of 1.838 billion for fiscal 2012.