Under Armour publishes fiscal Q2 2027 earnings call transcript
UAA•Under Armour lowered its fiscal 2027 gross margin expansion outlook to 170–220 basis points from 220–270, citing freight costs, markdowns and currency pressure. Second-quarter revenue fell 7% to $1.2 billion, while adjusted operating income was $25 million.
1. Outlook lowered
Under Armour lowered its fiscal 2027 gross margin expansion guidance to 170–220 basis points from 220–270 basis points, citing freight costs, markdowns and currency pressure. Full-year adjusted operating income guidance remained $140 million–$160 million, and revenue was still expected to decline at a mid-single-digit rate.
2. Quarterly results
Second-quarter revenue fell 7% to $1.2 billion, while adjusted operating income reached $25 million, exceeding management's outlook. For the third quarter, Under Armour forecast an 8%–9% revenue decline and adjusted operating results ranging from a $5 million loss to a $5 million profit.
