Inferra AI / Company / UA

Under Armour, Inc.

UA · Consumer Discretionary

Last earnings Aug 7, 2026

Key results

Review revenuequarter

1 percent

Fourth Quarter Fiscal 2026 Review Revenue decreased 1 percent to $1.2 billion (down 4 percent constant currency).

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

North America revenuequarter

7 percent

North America revenue declined 7 percent to $641 million, while international revenue increased 10 percent to $539 million (up 3 percent constant currency).

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

International revenuequarter

10 percent

North America revenue declined 7 percent to $641 million, while international revenue increased 10 percent to $539 million (up 3 percent constant currency).

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

EMEA revenuequarter

7 percent

Within international markets, EMEA revenue increased 7 percent (down 1 percent constant currency), Asia-Pacific increased 13 percent (up 8 percent constant currency), and Latin America increased 22 percent (up 8 percent constant currency).

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Growthquarter

up 8 percent

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Wholesale revenuequarter

3 percent

Wholesale revenue decreased 3 percent to $748 million and direct-to-consumer (DTC) revenue increased 5 percent to $406 million.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Revenuequarter

5 percent

Wholesale revenue decreased 3 percent to $748 million and direct-to-consumer (DTC) revenue increased 5 percent to $406 million.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Within DTC, owned-and-operated store revenue grew 8 percent, and eCommerce revenue was flat, representing 35 percent of total DTC revenue for the quarter.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

By category, apparel revenue was flat at $778 million, footwear was flat at $282 million, and accessories grew 2 percent to $94 million.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Gross marginquarter

42.0 percent

Gross margin declined 470 basis points to 42.0 percent, primarily due to higher tariffs, as well as higher product costs, pricing headwinds, and unfavorable regional mix, partially offset by foreign exchange gains and favorable channel mix.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Adjusted gross marginquarter

43.1 percent

Excluding restructuring impacts, adjusted gross margin declined 360 basis points to 43.1 percent.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

AI analysis

Q4 FY2026 · reported May 12, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Review revenue · Q4 FY2026

1 percent

EX-99 · May 12, 2026

North America revenue · Q4 FY2026

7 percent

EX-99 · May 12, 2026

International revenue · Q4 FY2026

10 percent

EX-99 · May 12, 2026

EMEA revenue · Q4 FY2026

7 percent

EX-99 · May 12, 2026

Headline figures

Metric	Q4 FY2026	Prior qtr	Year ago
Review revenue	1 percent	—	—
North America revenue	7 percent	—	—
International revenue	10 percent	—	—
EMEA revenue	7 percent	—	—
Growth	up 8 percent	—	—
Wholesale revenue	3 percent	—	—
Revenue	5 percent	—	—
Gross margin	42.0 percent	—	—

EX-99 · May 12, 2026

Guidance · company-stated

Direction: Initiated

Company outlook — Initiated

“htm EX-99.1 Document Exhibit 99.1 UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2026 RESULTS PROVIDES INITIAL FISCAL 2027 OUTLOOK BALTIMORE, May 12, 2026 Under Armour, Inc.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin42.0 percent

Adjusted gross margin43.1 percent

Capital allocation

The company also held $605 million in restricted investments designated for the repayment of its senior notes due in June 2026.

At quarter-end, $200 million of borrowings were outstanding under its $1.1 billion revolving credit facility.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2026 RESULTS PROVIDES INITIAL FISCAL 2027

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Initiated

Company outlook — Initiated (“INITIAL”)
“htm EX-99.1 Document Exhibit 99.1 UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2026 RESULTS PROVIDES INITIAL FISCAL 2027 OUTLOOK BALTIMORE, May 12, 2026 Under Armour, Inc.”

Classified from the release's primary full-year outlook statement.

Capital allocation

The company also held $605 million in restricted investments designated for the repayment of its senior notes due in June 2026.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

At quarter-end, $200 million of borrowings were outstanding under its $1.1 billion revolving credit facility.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Subsequent to the quarter end, in August 2026, the Company entered into the ninth amendment to the credit agreement (the "credit agreement as amended", the "amended credit agreement" or the "revolving credit facility").

SEC original ↗Under Armour, Inc. — 10-Q Quarterly report10-QAug 7, 2026

The amended credit agreement provides for an aggregate $ 1.1 billion of revolving credit commitments that has a term that ends on June 16, 2030, with permitted extensions under certain circumstances and subject to a springing maturity of 91 days prior to June 16, 2030 if, on such date, the Senior Notes due 2030 (as defined below) have not been refinanced.

SEC original ↗Under Armour, Inc. — 10-Q Quarterly report10-QAug 7, 2026

During the three months ended June 30, 2026, the Company borrowed $ 25 million and made repayments of $ 25 million under the revolving credit facility.

SEC original ↗Under Armour, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Incremental borrowings are uncommitted and the availability thereof will depend on market conditions at the time the Company seeks to incur such borrowings.

SEC original ↗Under Armour, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Strategy & priorities

Over the past two years, we ve addressed structural and macro challenges head-on while elevating our product strategy.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Building world-class, modern marketing excellence is now our highest priority that we believe will accelerate consumer demand and help reshape Under Armour s profit profile.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

This increase reflects normalization of reduced prior year incentive compensation and benefit costs as part of the company's tariff mitigation strategy, as well as incremental marketing investment to strengthen the brand as the business stabilizes, while maintaining disciplined cost control.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

, subject to customary exceptions (the "subsidiary guarantors") and primarily secured by a first-priority security interest in substantially all of the assets of Under Armour, Inc.

SEC original ↗Under Armour, Inc. — 10-Q Quarterly report10-QAug 7, 2026

The 2025 restructuring plan now is expected to include up to $ 305 million of pre-tax restructuring and related charges, consisting of: Up to $ 139 million in cash charges, including approximately $ 46 million in employee severance and benefits costs and $ 93 million related to various transformational initiatives; and Up to $ 166 million in non-cash charges, including approximately $ 7 million in employee severance and benefits costs, and $ 159 million in contract terminations, facility, software, and other asset-related charges and impairments.

SEC original ↗Under Armour, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Risks & headwinds

Over the past two years, we ve addressed structural and macro challenges head-on while elevating our product strategy.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Gross margin decreased 240 basis points to 45.5 percent, primarily due to higher tariffs, with smaller headwinds from pricing, higher product costs, and unfavorable channel and regional mix, partially offset by positive foreign currency impacts and favorable product mix.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Adjusted SG A expenses decreased 5 percent to $2.2 billion, which excludes $99 million in litigation reserve expense and approximately $31 million in transformation costs related to our Fiscal 2025 Restructuring Plan.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Excluding the company's litigation reserve expense, transformation expenses, and restructuring charges, adjusted operating income was $107 million.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Adjusted net income was $50 million, which excludes the litigation reserve expense, transformation and restructuring charges, and the valuation allowance.

SEC original ↗Under Armour, Inc. — Earnings release (8-K exhibit)EX-99May 12, 2026

Documents

Earnings deck slides

0 decks with slide view

Under Armour, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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