Seeking Alpha

Analysis: Winter mix a positive for Under Armour

  • Under Armour (UA +3.6%) pokes out a gain with positive comments out from Canaccord Genuity.
  • The investment firm sees an EPS beat on its view that colder weather drove Under Armour's sales higher. It doesn't hurt that winter items sometimes pack lusher margins.
  • Gross margin rate in Q4 could come in flat, compared to expectations for a 56 bps decline, says Canaccord.
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