Under Armour, Inc. Raises FY 2012 Guidance

Under Armour, Inc. updated fiscal 2012 guidance and expects net revenues in the range of $1.78 billion to $1.80 billion, representing growth of 21% to 22% over 2011. The Company also expects fiscal 2012 operating income in the range of $203 million to $205 million, representing growth of 25% to 26% over 2011. The Company had previously anticipated fiscal 2012 net revenues growth at the low end of its 20% to 25% long-term growth target and 2012 operating income at the higher end of its 20% to 25% long-term growth target. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.79 billion and operating income of $204 million for fiscal 2012.