Under Armour slightly misses Q1 revenue expectations, maintains FY profitability outlook

Under Armour

07/08/2026 12:06

Overview
US athletic apparel maker's fiscal Q1 revenue fell 3%, a slight miss versus analyst expectations
Adjusted EPS for fiscal Q1 was $0.05, beating analyst expectations
Company now expects full-year revenue outlook in mid-single-digit percentage decline

Outlook
Under Armour now expects fiscal 2027 revenue to decline at a mid-single-digit percentage rate
Company expects fiscal 2027 adjusted diluted EPS outlook at $0.08 to $0.12
SG&A expense for fiscal 2027 is now expected to decrease at a high-single-digit rate

Result Drivers
SOFTER DEMAND - Co said revenue decline was driven by softer consumer demand, especially in North America and Asia-Pacific
TARIFF REFUNDS - Gross margin improvement was mainly due to refunds received for prior-year IEEPA tariff costs
DISCIPLINED EXPENSE MANAGEMENT - Co said it is offsetting lower revenue through disciplined expense management and a more agile operating model

Company press release: ID:nPn2VMlyPa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$1.1 bln
$1.11 bln (19 Analysts)
Q1 Adjusted EPS
Beat
$0.05
$0.02 (19 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 20 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy."
Wall Street's median 12-month price target for Under Armour Inc is $5.50, about 14.1% below its August 6 closing price of $6.40
The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 27 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)