PR Newswire·Aug 7, 2026, 6:55 AM ET

UNDER ARMOUR REPORTS FIRST QUARTER FISCAL 2027 RESULTS; MAINTAINS FULL-YEAR PROFITABILITY OUTLOOK WHILE UPDATING REVENUE EXPECTATIONS

UAA

Under Armour reported first-quarter fiscal 2027 revenue of $1.1 billion, a 3 percent decline year-over-year, with North America down 9 percent and international markets up 5 percent.
Direct-to-consumer revenue fell 6 percent to $437 million, driven by a 12 percent drop in eCommerce sales, while wholesale revenue decreased 2 percent to $638 million.
Gross margin expanded 590 basis points to 54.1 percent, primarily due to refunds received for IEEPA tariff costs from fiscal 2026, offset by unfavorable foreign exchange \& channel mix.
Net income was $1 million, while adjusted net income reached $21 million after excluding transformation \& restructuring charges; diluted EPS was $0.00 (GAAP) vs. $0.05 (adjusted).
The company recorded $4 million in restructuring charges \& $2 million in transformation-related SG&A expenses, bringing total costs under the Fiscal 2025 Restructuring Plan to $266 million.
Fiscal 2027 revenue outlook was lowered to a mid-single-digit decline, reflecting softer demand in North America \& Asia-Pacific, though gross margin is still projected to increase 220 to 270 basis points.
Adjusted operating income for the full year is maintained at $140 million to $160 million, supported by a $70 million benefit from tariff refunds \& disciplined expense management.
Inventory levels decreased 3 percent to $1.1 billion, while cash \& cash equivalents totaled $396 million at quarter-end with $200 million outstanding on the revolving credit facility.
Senior Notes due 2026 were fully settled \& discharged on June 15 using funds from restricted investments, resulting in zero current maturities of long-term debt.
Under Armour will host a conference call at 8:30 a.m. Eastern Time to discuss results, with a live stream available on its investor relations website.