Under Armour Slides As Revenue Miss, Weak Outlook Overshadow EPS Beat

Under Armour Inc. (NYSE: UAA ) reported first-quarter fiscal 2027 results Friday, delivering better-than-expected adjusted earnings despite revenue falling short of analyst estimates. Adjusted EPS of 5 cents beat the 2-cent estimate, while revenue of $1.098 billion missed the $1.109 billion estimate and fell 3.2% year over year, or 4.4% in constant currency. Adjusted operating income was $52 million. Shares traded lower following the results as investors weighed the revenue shortfall, softer demand across North America and Asia-Pacific, and the company's reduced full-year revenue outlook. Margin Expansion Offsets Revenue Pressure Gross margin expanded 590 basis points to 54.1%, mainly reflecting refunds tied to IEEPA tariff costs expensed in fiscal 2026. The benefit was partly offset by unfavorable foreign exchange, regional and channel mix, and pricing headwinds. SG&A rose 2% t...