Under Armour's fiscal second-quarter revenue fell 7% to $1.20 billion, below the $1.22 billion estimate, while adjusted EPS was $0.00, ahead of estimates. The company maintained its fiscal 2027 outlook for a mid-single-digit revenue decline and raised its operating income range to $99 million-$119 million.
Under Armour reported fiscal second-quarter revenue of $1.20 billion, down 7% and below the $1.22 billion consensus estimate. Adjusted EPS was $0.00, compared with an estimate of a $0.008 loss; the company recorded a $2 million adjusted net loss and a $400,000 net loss.
Sales in North America and international markets each declined 7%, with decreases in wholesale and direct-to-consumer channels. Footwear sales fell 11% and apparel sales fell 6%; gross margin was 47%, pressured by foreign currency, channel and regional mix, and pricing, partly offset by supply chain benefits and favorable product mix.
Under Armour expects fiscal 2027 revenue to decline at a mid-single-digit percentage rate. It forecasts operating income of $99 million to $119 million, up from its previous range of $96 million to $116 million, and diluted EPS between a loss of $0.02 and earnings of $0.02.
