Under Armour Posts Q4 Loss, Guides Lower Full-Year Sales on Weak Spending
UAA•Under Armour posted a fiscal fourth-quarter loss as revenue declined year-over-year. The company forecast an annual sales drop, citing weak consumer spending and macroeconomic uncertainty in North America.
1. Fiscal Q4 Performance
Under Armour reported a net loss for its fiscal fourth quarter after revenue fell compared with the prior year. The decline reflected softer wholesale orders and reduced direct-to-consumer sales in its largest North American market.
2. Full-Year Sales Outlook
The company projected annual revenue to decline, attributing the guidance to subdued consumer spending and ongoing macroeconomic uncertainty in North America, which accounts for the majority of its total sales.
