Under Armour Inc AUAA
▼ NegativeDemandrelevance
Under Armour cuts FY27 sales outlook and reports Q1 revenue decline due to softer demand in North America and Asia-Pacific.
Impact on stocks 1
Consumer Discretionary
Under Armour Inc AUnder Armour has lowered its full-year fiscal 2027 revenue outlook, now projecting a mid-single-digit percentage decline compared to its prior expectation of a slight dip. The company attributed the revision to softer demand in North America and Asia-Pacific, with North America now seen falling at a mid-single-digit rate versus a low-single-digit decline previously, and both Asia-Pacific and EMEA shifting from low-single-digit growth to low-single-digit declines. In the first quarter ended June 30, 2026, revenue fell 3% to $1.1 billion, with North America down 9% and Asia-Pacific down 7%, while international revenue rose 5% to $490 million, led by a 12% increase in EMEA and an 8% gain in Latin America. Gross margin improved 590 basis points to 54.1%, helped by tariff refunds under the International Emergency Economic Powers Act, and the company maintained its profit guidance, expecting gross margin to expand by 220 to 270 basis points for the full year. Net income was $1 million, or $21 million on an adjusted basis, with diluted earnings per share flat on a reported basis and $0.05 adjusted.
Under Armour Inc AUnder Armour cuts FY27 sales outlook and reports Q1 revenue decline due to softer demand in North America and Asia-Pacific.