Under Armour Lowers FY27 Revenue Outlook on Soft Demand
Revenue for the quarter ended 30 June 2026 fell 3% year-on-year to $1.1bn, with North America down 9% and Asia-Pacific down 7%, while EMEA rose 12% and Latin America increased 8%. Wholesale slipped and direct-to-consumer declined, including eCommerce. Gross margin improved to 54.1% aided by 590 bps of IEEPA tariff refunds, and Under Armour now expects FY27 revenue to fall mid-single digits with higher margins.