Sportswear retailer Under Armour (UAA) has announced that it is changing its chief financial officer (CFO) as the company delivered weak forward guidance.
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The Baltimore, Maryland-based company named Reza Taleghani as its new finance head and said that previous CFO David Bergman had stepped down from the position. The executive change comes as Under Armour forecast annual revenue and profit below Wall Street estimates.
For this year’s third quarter, Under Armour announced revenue of $1.33 billion, which narrowly beat Wall Street forecasts of $1.31 billion. However, sales were down 5% from a year earlier. The company also reported earnings per share of $0.04, which surpassed analyst estimates of $0.02.
Soft Outlook
While Under Armour’s Q3 results squeaked past forecasts, the company’s forward guidance came up short. Management said that they expect Fiscal 2026 revenue to decrease between 4% and 5%, largely below analysts’ average estimate of a 4% decline. Annual profit per share is forecast at $0.03 to $0.05, compared with analysts’ average estimate of $0.06.
Under Armour has been struggling with weak consumer spending and U.S. tariffs. The company, which sources about 30% of its merchandise from Vietnam, said in August that it expects $100 million in tariff-related costs this year. UAA stock is down nearly 60% in the past 12 months.
Is UAA Stock a Buy?
The stock of Under Armour has a consensus Hold rating among 20 Wall Street analysts. That rating is based on three Buy, 14 Hold, and three Sell recommendations issued in the past three months. The average UAA price target of $5.65 implies 27.25% upside from current levels. These ratings could change after the company’s financial results.
