Under Armour Q1 Revenue Drops 3%, Cuts FY Outlook on Weak North America Demand
UA sits 57% above its 52-week low of $3.95.
Summary
Under Armour's Q1 revenue fell 3% to $1.1B, matching estimates, but North America sales plunged 9% to $609.8M, offsetting a 5% international gain. Adjusted EPS of 5 cents beat the 2-cent consensus, helped by a 590 bps gross margin jump to 54.1% from tariff refunds. However, the company slashed its FY27 revenue outlook to a mid-single-digit decline from a prior slight dip, citing soft demand in North America and Asia-Pacific. FY adjusted EPS is now guided to 8-12 cents, a sharp reversal from the 1-5 cent loss forecast issued earlier today, with adjusted operating income of $140M-$160M including a $70M tariff benefit and $35M in Middle East headwinds. The mixed quarter—beating on profit but cutting the top-line view—leaves the stock caught between cost discipline and deteriorating core markets.
At the time of this announcement, UA was trading at $6.21 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $3.95 to $7.91. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.