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UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2026 RESULTS; PROVIDES INITIAL FISCAL 2027 OUTLOOK

UAA
  • Under Armour reported a 1% revenue decline to $1.2 billion for the fourth quarter of fiscal 2026, with full-year fiscal 2026 revenue down 4% to $5.0 billion.
  • North America revenue decreased 7% in the quarter & 8% for the year, while international revenue grew 10% in the quarter & 4% for the year.
  • Wholesale revenue fell 3% in the quarter & 5% for the year, whereas direct-to-consumer revenue rose 5% in the quarter but dropped 2% for the year.
  • Gross margin declined 470 basis points to 42.0% in the quarter & 240 basis points to 45.5% for the year, primarily due to higher tariffs & product costs.
  • The company reported a net loss of $43 million for the quarter & $496 million for the full year, which included a $247 million valuation allowance on U.S. deferred tax assets.
  • SG&A expenses decreased 15% in the quarter to $518 million & 12% for the year to $2.3 billion, driven by lower marketing spend & incentive compensation.
  • Total restructuring charges reached $8 million in the quarter & $128 million for the year, with the Fiscal 2025 Restructuring Plan costs extended to approximately $305 million.
  • Cash & cash equivalents stood at $309 million at quarter-end, with an additional $605 million in restricted investments designated for senior note repayment.
  • Fiscal 2027 outlook projects a slight revenue decline, gross margin improvement of 220-270 basis points, & adjusted operating income between $140 million & $160 million.
  • Adjusted diluted earnings per share for fiscal 2027 is expected to range from $0.08 to $0.12, reflecting tariff refunds, marketing investments, & ongoing cost pressures.