Under Armour (UAA) Company Report

Under Armour reported a 5% decline in Q3 2026 revenue to $1.3 billion, with gross margin decreasing 310 basis points year-over-year to 44.4%. The company also recorded a $99 million litigation reserve expense and $75 million in restructuring charges in Q3.
The company modestly raised its full-year adjusted operating income outlook to approximately $110 million and expects adjusted diluted earnings per share of $0.10-$0.11, with full-year revenue now projected to decline approximately 4%.
CEO Kevin Plank stated that the most disruptive phase of the company's reset is now behind them, with North America "beginning to turn the corner" and EMEA showing 6% reported revenue growth. However, footwear sales declined 14% year-to-date.
CFO Dave Bergman is transitioning out of his role after nine years, and new leadership appointments were made, including Kara Trent as Chief Merchandising Officer and Eric Liedtke as Chief Marketing Officer.

9 hours ago

Under Armour Reports Q3 2026 Results and Updates Full-Year Outlook

UAA

Earnings

Guidance Update

Management Change

Under Armour reported Q3 2026 revenue of $1.3 billion, a 5% decline year-over-year, which was slightly better than its previous outlook.
The company recorded a reported operating loss of $150 million and a reported diluted loss per share of $1.01 for Q3 2026, primarily due to non-recurring impacts such as a $99 million litigation reserve expense, $78 million in restructuring and transformation charges, and a $247 million non-cash deferred tax asset valuation allowance.
Excluding these items, adjusted operating income was $26 million and adjusted diluted earnings per share was $0.09.
Under Armour updated its fiscal year 2026 outlook, now projecting full-year revenue to decline approximately 4% (an improvement from the prior 4%-5% decline) and adjusted operating income of approximately $110 million (at the high end of the previous $95-$110 million range).
The company announced leadership changes, including Kara Trent as Chief Merchandising Officer, Adam Peake as President of the Americas, and Eric Liedtke as Chief Marketing Officer and EVP of Strategy, while CFO Dave Bergman is transitioning out of his role.

10 hours ago

Under Armour Reports Q3 2026 Results and Updates Full-Year Outlook

UAA

Earnings

Guidance Update

Management Change

Under Armour reported a 5% decline in Q3 2026 revenue to $1.3 billion, with gross margin down 310 basis points year over year to 44.4%, and adjusted diluted EPS at $0.09. The reported diluted loss per share was $1.01, which included a $247 million non-cash valuation allowance against certain U.S. federal deferred tax assets.
For fiscal year 2026, the company updated its outlook, now expecting full-year revenue to decline approximately 4% (compared to a prior expectation of 4%-5%) and adjusted operating income to be approximately $110 million (at the high end of the $95-$110 million range). Adjusted diluted EPS is projected to be $0.10-$0.11.
Management stated that the most disruptive phase of its turnaround is now behind the company, with a focus on execution and stabilization. Inventory is down year-over-year, and the elimination of 25% of SKUs is complete.
North America is beginning to turn the corner, with the December quarter marking the bottom of the reset, while EMEA remains solid, and APAC is positioning for stabilization over the next 12 months.

10 hours ago

Under Armour Reports Q3 Fiscal 2026 Results and Updates Fiscal 2026 Outlook

UAA

Earnings

Guidance Update

Demand Weakening

Under Armour reported Q3 Fiscal 2026 revenue of $1.33 billion, a 5 percent decrease from the prior year, with North America revenue declining 10 percent.
The company recorded a net loss of $431 million and a diluted loss per share of $1.01, primarily due to a $247 million valuation allowance on U.S. federal deferred tax assets. Adjusted diluted earnings per share for the quarter were $0.09.
Gross margin for Q3 Fiscal 2026 declined 310 basis points to 44.4 percent, mainly due to higher tariffs, pricing headwinds, and an unfavorable channel and regional mix.
For Fiscal 2026, Under Armour updated its outlook, now expecting revenue to decline approximately 4 percent and adjusted diluted earnings per share to range from $0.10 to $0.11.

12 hours ago

Under Armour Announces Curry Brand Separation and Expanded Restructuring Plan

UAA

Guidance Update

Layoffs

Under Armour, Inc. announced on November 13, 2025, plans to separate Curry Brand from Under Armour, making Curry Brand independent. The company does not anticipate a significant effect on its consolidated financial results or profitability from this separation.
The separation is part of an expanded fiscal 2025 restructuring plan, which increases total estimated pre-tax charges by $95 million to $255 million. As of September 30, 2025, approximately $147 million of these charges had been incurred.
Under Armour raised its fiscal 2026 adjusted operating income outlook to $95 million to $110 million, up from the previous range of $90 million to $105 million.

Nov 13, 2025, 11:28 PM

Under Armour Reports Q2 Fiscal 2026 Results and Fiscal 2026 Outlook; Announces CFO Transition

UAA

Earnings

Guidance Update

CFO Change

Under Armour, Inc. (UAA) reported a 5% decrease in revenue to $1.3 billion for the second quarter of fiscal 2026, resulting in a GAAP net loss of $19 million and a diluted loss per share of $0.04.
The company's gross margin declined by 250 basis points to 47.3% in Q2 fiscal 2026, primarily due to supply chain headwinds, increased tariffs, and an unfavorable channel and regional mix.
For fiscal year 2026, Under Armour expects revenue to decrease 4% to 5%, GAAP operating income to range from $19 million to $34 million, and GAAP diluted loss per share to be between $0.15 and $0.17.
Reza Taleghani will join Under Armour as Executive Vice President and Chief Financial Officer in February 2026, succeeding David Bergman.
Under Armour repurchased $25 million of its Class C common stock in the second quarter of fiscal 2026, bringing the total repurchased to $115 million under its $500 million program.