Under Armour Class C

UA

Market cap $2.25B

Under Armour NYSE: UA executives said the athletic apparel company is entering fiscal 2027 with a sharper focus on premium products, disciplined inventory management and marketing efficiency after a fiscal 2026 marked by revenue declines, tariff pressure and a continued business reset.

Under Armour, Inc. showed minimal turnaround progress in Q4. Concerningly, UA expects revenues to continue trending downward in FY2027. Underlying gross margin progress is offset by other weaknesses. I estimate UA stock to have -27% downside to $3.56.

Under Armour, Inc. (UAA) Q4 2026 Earnings Call Transcript

Under Armour, Inc. (NYSE:UA) (NYSE:UAA) shares fell almost 20% on Tuesday after the company reported fourth-quarter results that missed Wall Street earnings expectations and warned that Middle East-related supply chain disruptions will continue weighing on margins in fiscal 2027.

The headline numbers for Under Armour (UAA) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Under Armour (UAA) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.08 per share a year ago.

Under Armour's losses were wider than expected, and the outlook was below forecasts as rising costs take a bite.

Under Armour reported a fiscal fourth-quarter loss as revenue declines in North America offset international sales gains.

Under ​Armour forecast a drop ⁠in annual ​revenue on Tuesday, as ​the athletic apparel maker struggles with weak consumer spending and ​macroeconomic uncertainty ​in its key North American ‌market.

BALTIMORE, May 12, 2026 /PRNewswire/ -- Under Armour, Inc. (NYSE: UAA, UA) today announced unaudited financial results for the fourth quarter and full-year fiscal 2026, which ended March 31, 2026. Results are reported in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP").