Under Armour — Fiscal 2027 Q2 Earnings Summary

Under Armour reported a 7% decline in second-quarter fiscal 2027 revenue to $1.2 billion, driven by decreases across North America, international markets, and all product categories. The company posted a net loss of $0.4 million with an operating income of $15 million, while gross margin contracted by 30 basis points to 47.0% due to unfavorable foreign currency and channel mix. Restructuring charges totaled $11 million, and inventory levels rose 4% to $1.1 billion. Management updated its full-year fiscal 2027 outlook, projecting revenue to decline at a mid-single-digit rate and adjusted operating income to range between $140 million and $160 million.