Under Armour Inc – Class A ( (UAA) ) has released its Q2 earnings. Here is a breakdown of the information Under Armour Inc – Class A presented to its investors.
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Under Armour, Inc., based in Baltimore, Maryland, is a prominent company that designs, markets, and distributes athletic performance apparel, footwear, and accessories, focusing on enhancing athletic performance through innovation.
In its second quarter fiscal 2026 earnings report, Under Armour reported a 5% decline in revenue to $1.3 billion, with a notable decrease in North American sales. Despite the revenue drop, the company expressed optimism about brand momentum in North America, a crucial market for its turnaround strategy.
Key financial highlights include a gross margin decline of 250 basis points to 47.3%, attributed to supply chain challenges and increased tariffs. The company also reported a net loss of $19 million, with adjusted net income at $15 million. Operating income stood at $17 million, with an adjusted figure of $53 million. Under Armour’s restructuring efforts continue, with $32 million in charges recorded this quarter.
Looking ahead, Under Armour anticipates a 4-5% revenue decline for fiscal 2026, with expected decreases in North America and Asia-Pacific, partially offset by growth in EMEA. The company plans to manage costs through reduced SG&A expenses and aims for adjusted operating income between $90 million and $105 million.
Under Armour remains focused on executing its turnaround strategy, with management optimistic about the brand’s future prospects, despite current financial challenges.