
Under Armour expects fiscal 2026 revenue to decline approximately 4 percent, with an operating loss of approximately $154 million. Adjusted diluted earnings per share are projected to be $0.10 to $0.11, an increase from prior outlook.
Bullish
Under Armour exceeded adjusted operating expectations, achieving $26 million in adjusted operating income. International revenue grew 3 percent, driven by EMEA and Latin America, and adjusted diluted EPS guidance improved to $0.10-$0.11 for fiscal 2026.
Bearish
Under Armour faced a 5 percent revenue decline, with North America down 10 percent, alongside a 310 basis point gross margin compression. The company also reported a $431 million net loss, including a significant tax asset valuation allowance.