Earnings Releases·Nov 6, 2026, 7:40 AM ET

Under Armour — Fiscal 2027 Q2 Earnings Summary

Total revenue declined 7% year-over-year to $1.2 billion, with double-digit drops in footwear (-11%) and DTC eCommerce (-12%), while gross margin fell 30 basis points to 47.0% due to currency and mix headwinds.
Full-year 2027 revenue guidance remains a mid-single-digit decline, though adjusted operating income guidance was raised to $140–$160 million and diluted EPS guidance adjusted to a range of -$0.02 to $0.02.
Gross margin outlook for 2027 was lowered to an expected increase of 170–220 basis points (down from 220–270 bps) due to higher fuel/freight costs and inventory management actions, partially offset by $70 million in IEEPA tariff refunds.
The Fiscal 2025 Restructuring Plan recorded $11 million in charges this quarter, with total costs at $280 million and substantial completion expected by December 31, 2026.
Inventory levels rose 4% to $1.1 billion, while the company reduced total company-owned doors to 438 and reported a net loss of $0.4 million for the quarter.