Under Armour Inc - Class C (UA)
NYSE:UA
Earnings Data
Report Date
May 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.08Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call struck a cautiously optimistic tone: management emphasized tangible progress on product quality, organizational alignment, inventory reduction, and adjusted results that beat expectations, and it modestly raised full-year adjusted operating income guidance. However, significant near-term headwinds remain — most notably footwear declines, gross margin pressure from tariffs and promotions, a large litigation reserve, restructuring charges, and a non-cash deferred tax valuation allowance. The narrative centers on stabilization and execution with the most disruptive phase of the reset claimed to be behind the company, but material one-time and structural challenges temper the near-term financial picture.Company Guidance
Operational simplification and SKU rationalization
Completed prior 25% SKU elimination from fiscal 2025 and continuing to tighten assortments/raw material complexity (identifying ~30 fabrics driving ~80% of volume), with the stated aim of higher SKU productivity, faster speed-to-market and improved margin realization.
Organizational alignment and leadership moves
Targeted leadership changes to accelerate execution: Kara Trent named Chief Merchandising Officer, Adam Peak named President of The Americas, Eric Glitke named Chief Marketing Officer & EVP Strategy; Yaseen Sade transitions to external senior advisor to preserve design continuity — intended to increase accountability and alignment.
Regional strengths and wholesale recovery signs
EMEA remained a standout with reported Q3 revenue +6% (currency-neutral +2%) and continued disciplined pricing; Latin America revenue increased 20% (13% currency-neutral); wholesale partner engagement improving (example: Cold Gear compression campaign with DICK’S drove solid results) and fall order book shaping up better.
Revenue performance and outlook improvement
Third-quarter revenue declined 5% to $1.3 billion, modestly outperforming prior outlook; company raised full-year revenue outlook to approximately -4% (improved from -4% to -5%) and expects EMEA growth of ~9% while guiding North America ~-8% and APAC ~-6%.
Adjusted profitability beat expectations
Adjusted operating income for Q3 was $26 million (excludes litigation reserve, transformation costs, and restructuring charges), exceeding the prior outlook; full-year adjusted operating income guidance was raised to roughly $110 million (top of prior $95M–$110M range).
Improved adjusted EPS and favorable tax development
Adjusted diluted EPS for Q3 was $0.09 and full-year adjusted diluted EPS guidance was updated to $0.10–$0.11. A favorable IRS tax method change delivered approximately $0.06 of EPS benefit in Q3 and lowers the expected non-GAAP effective tax rate.
Inventory, balance sheet and liquidity discipline
Inventory declined 2% year-over-year to just over $1.0 billion; the company ended Q3 with $465 million cash and $600 million in restricted investments (set aside for senior notes). The revolver was paid down by ~ $200 million and the company had no borrowings on its $1.1 billion revolver at quarter end.
Product and brand momentum — early proof points
Product execution showed improvement: base layer (heat & cold gear) delivered higher ASPs and 'strong double-digit growth'; ICON fleece and women's Meridian are gaining traction; new footwear/sportswear launches (Velocity Elite 3, Acerta 11, HP Low, Solo, ARC 96) showed strong sell-through and higher ASPs; accessories like Stealthform hat and 'no way' backpack are pushing price ceilings.
UA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
UA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 06, 2026 | $6.15 | $7.34 | +19.35% |
Nov 06, 2025 | $4.41 | $4.34 | -1.59% |
May 13, 2025 | $5.89 | $5.99 | +1.70% |
Feb 06, 2025 | $7.38 | $7.04 | -4.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Under Armour Inc - Class C (UA) report earnings?
Under Armour Inc - Class C (UA) is schdueled to report earning on May 20, 2026, Before Open (Confirmed).
What is Under Armour Inc - Class C (UA) earnings time?
Under Armour Inc - Class C (UA) earnings time is at May 20, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UA EPS forecast?
UA EPS forecast for the fiscal quarter 2026 (Q4) is -0.02.
