Under Armour Reports Q1 Fiscal 2026 Results

Under Armour Inc – Class C ( (UA) ) has released its Q1 earnings. Here is a breakdown of the information Under Armour Inc – Class C presented to its investors.

Under Armour, Inc., based in Baltimore, Maryland, is a prominent company specializing in the design, marketing, and distribution of athletic performance apparel, footwear, and accessories, aiming to enhance athletic performance through innovative products.

In its first quarter of fiscal 2026, Under Armour reported a 4% decline in revenue to $1.1 billion, with a net loss of $3 million. Despite the challenges, the company is focused on transforming its brand with an emphasis on sports credibility, innovation, and operational discipline.

Key financial metrics revealed a 5% decrease in North American revenue and a 1% decline in international revenue. Notably, apparel revenue saw a slight decrease, while footwear revenue dropped significantly by 14%. However, accessories revenue increased by 8%. The gross margin improved by 70 basis points to 48.2%, attributed to favorable foreign exchange and pricing strategies.

Looking ahead, Under Armour anticipates a 6-7% revenue decline in the second quarter of fiscal 2026, with expected challenges in North America and Asia-Pacific regions. The company remains committed to enhancing its brand positioning and product offerings, despite the uncertain economic environment.

Under Armour’s management is optimistic about the future, focusing on premium product development and strategic pricing to strengthen its market position and drive long-term growth.