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PR Newswire·

UNDER ARMOUR REPORTS SECOND QUARTER FISCAL 2027 RESULTS

UAA
  • Under Armour reported second-quarter fiscal 2027 revenue of $1.2 billion, a 7 percent decrease year-over-year.
  • North America revenue declined 7 percent to $737 million, while international revenue fell 7 percent to $509 million.
  • Wholesale revenue dropped 6 percent to $725 million, and direct-to-consumer revenue decreased 8 percent to $494 million.
  • Apparel sales fell 6 percent to $880 million, footwear sales declined 11 percent to $234 million, and accessories revenue decreased 7 percent to $105 million.
  • Gross margin decreased 30 basis points to 47.0 percent due to unfavorable foreign currency, channel mix, and pricing.
  • Selling, general, and administrative expenses decreased 4 percent to $557 million, driven by lower marketing costs.
  • Operating income was $15 million, while the company reported a net loss of $0.4 million for the quarter.
  • Inventory levels increased 4 percent to $1.1 billion as of the quarter-end.
  • The company recorded $11 million in restructuring charges related to its Fiscal 2025 Restructuring Plan.
  • Cash and cash equivalents totaled $285 million, with $190 million outstanding under the $1.1 billion revolving credit facility.
  • Fiscal 2027 revenue is expected to decline at a mid-single-digit percentage rate.
  • Gross margin is now projected to increase 170 to 220 basis points, revised down from previous expectations due to higher fuel, freight, and foreign exchange costs.
  • Adjusted operating income for fiscal 2027 is expected to range from $140 million to $160 million.
  • Adjusted diluted earnings per share for the full fiscal year is forecasted between $0.08 and $0.12.
  • The restructuring plan is anticipated to be substantially complete by December 31, 2026, with total costs estimated at approximately $305 million.
Company
Under Armour, Inc.
Keywords
Under Armour, Inc.