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2d ago

Under Armour Lowers 2027 Revenue Forecast and Widens GAAP EPS Loss Range

Softer demand in key markets, notably North America plus Asia‑Pacific, pushed the company to cut its outlook to protect margins through a multi‑year restructuring.

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Overview

  • The company reported first‑quarter revenue fell 3.2 percent to $1.1 billion and GAAP net income was $545,000 with adjusted net income of $21 million and adjusted diluted EPS of 5 cents.
  • Under Armour now expects full‑year revenue to decline in the mid‑single digits and predicts a GAAP diluted loss per share of $0.01 to $0.05 while keeping adjusted EPS guidance at $0.08 to $0.12.
  • Regional results were mixed with North America down 9 percent to $609.8 million and Asia‑Pacific down 6.6 percent, while EMEA rose 12.1 percent and Latin America rose 7.7 percent.
  • The company recorded $4 million in Q1 restructuring charges and $2 million in transformation SG&A and said its $305 million restructuring program is largely paid for with $266 million incurred so far as it consolidates offices including the closure of Portland operations.
  • Shares slipped modestly after the report and analysts say a revenue rebound could depend on stronger wholesale order trends in the third quarter, making order momentum the key near‑term indicator to watch.