Under Armour Inc – Class A ( (UAA) ) has released its Q1 earnings. Here is a breakdown of the information Under Armour Inc – Class A presented to its investors.
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Under Armour, Inc., headquartered in Baltimore, Maryland, is a prominent player in the athletic performance apparel, footwear, and accessories industry, known for its innovative products designed to enhance athletic performance.
In its first-quarter fiscal 2026 earnings report, Under Armour revealed a 4% decline in revenue to $1.1 billion, with a net loss of $3 million. Despite the revenue drop, the company saw an increase in gross margin and a significant reduction in selling, general, and administrative expenses.
Key financial metrics showed North American revenue decreased by 5%, while international revenue saw a slight decline of 1%. The company experienced a notable 14% drop in footwear revenue, though accessories revenue increased by 8%. Under Armour’s gross margin improved to 48.2%, and operating income was reported at $3 million, with adjusted operating income at $24 million.
Looking ahead, Under Armour anticipates a 6-7% revenue decline in the second quarter of fiscal 2026, with gross margin expected to decrease due to supply chain challenges. The company remains focused on strengthening its brand and optimizing its product offerings to drive future growth.