Under Armour

UAA

Market cap $3.16B

Under Armour posts 3% international sales growth in Q3, fueled by a Latin America surge and steady EMEA gains, reinforcing its global turnaround push.

Under Armour has materially underperformed both the S&P 500 and the consumer discretionary sector over the past three years. Recent earnings triggered a notable share price surge, prompting an assessment of UAA's fundamentals and valuation. I scrutinize UAA's income statement, accounts receivable, and profitability metrics to evaluate the sustainability of the rebound.

Under Armour jumps after Q3 earnings beat estimates and management raises FY26 adjusted EPS guidance despite lower revenues.

Under Armour saw a 20%+ stock spike after Q3 results, but I reiterate a sell rating due to persistent fundamental weaknesses. UAA's North America revenue declined -10% y/y, worsening from Q2, and footwear sales dropped -12% y/y, highlighting brand and category challenges. Despite a slight guidance boost for FY26, valuation remains unattractive versus faster-growing retail peers with better P/E multiples.

Under Armour, Inc. (UAA) Q3 2026 Earnings Call Transcript

The headline numbers for Under Armour (UAA) give insight into how the company performed in the quarter ended December 2025, 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 quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.08 per share a year ago.

Under Armour Inc (NYSE:UA) beat third-quarter profit expectations and raised its full-year outlook on Thursday, benefiting from aggressive cost controls even as sales continued to slide and tariff pressures weighed on margins. The sportswear maker posted adjusted earnings of $0.09 per share for the quarter, compared with analysts' expectations for a loss of $0.02, as restructuring efforts under founder and CEO Kevin Plank helped offset declining demand in its core North American market.

Shares of Under Armour got a lift in early Friday trading, after the athletic gear maker turned a surprise quarterly profit and raised its full-year earnings guidance to more than double what it was just three months ago.

Under Armour expects revenue to fall at the milder end of its fiscal 2026 forecast, even as weak demand in its key North American and Asia-Pacific markets and tariff pressures persist into the new year.