Under Armour (UAA) Earnings Date & Reports

Under Armour posted Q4 revenue of $1.2 billion, a 1% decline year-over-year (4% constant currency ex FX), surpassing analyst expectations of $1.17 billion. North America revenue fell 7% to $641 million due to wholesale softness, while international rose 10% to $539 million, led by EMEA and Asia-Pacific gains. Direct-to-consumer (DTC) sales increased 5% to $406 million, comprising 34% of total revenue, though wholesale dipped 3%.

Adjusted diluted loss per share was $0.10, matching or slightly missing consensus of -$0.03 to -$0.02, a improvement from last year's -$0.08 amid $34 million operating loss (adjusted income $3 million). Gross margin contracted 470 basis points to 42.0% (adjusted 43.1%), hit by higher tariffs, product costs, pricing, and mix shifts, partially offset by favorable FX and DTC growth. SG&A expenses dropped 15% to $518 million, aiding expense discipline.

For full FY2026, revenue totaled $5.0 billion (-4%), with adjusted EPS of $0.12 versus prior guidance midpoint of $0.105. DTC represented 42% of sales, inventory ended 3% lower at $915 million.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener identifies trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Explore it today to enhance your research process.

Market Reaction and Investor Sentiment

Following the pre-market release, UAA shares plunged approximately 19% to around $4.97 in early trading on May 12, 2026, erasing recent gains. The sell-off stemmed from the slight revenue decline guidance for FY2027, ongoing North America weakness, and margin pressures despite the revenue beat and cost savings. Sentiment soured as investors weighed tariff uncertainties and promotional intensity against restructuring progress, with trading volume surging amid the volatility.

Forward Outlook and Key Factors to Monitor

Under Armour issued initial FY2027 guidance anticipating a slight revenue decline, driven by low single-digit drop in North America offset by growth in EMEA and Asia-Pacific. This reflects strategic exits like the Curry Brand and disciplined wholesale management.

Gross margin is projected to expand 220-270 basis points, aided by ~150 basis points from potential tariff refunds (~$70 million benefit), pricing actions, and favorable DTC mix, though offset by new tariffs and Middle East supply disruptions. Adjusted SG&A rises at a low single-digit rate due to normalized incentives, benefits, and marketing investments (~$30 million incremental).

Adjusted operating income targets $140-160 million (GAAP $96-116 million), with adjusted EPS of $0.08-$0.12 amid a higher tax rate from regional profitability shifts. Restructuring under the fiscal 2025 plan nears completion by December 2026, with $261 million costs incurred to date.

Investors should track North American demand recovery, DTC penetration (targeting higher share), inventory trends, and tariff developments. Marketing enhancements and product innovation will be key to reigniting brand momentum in a promotional market.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations