Overview
- Under Armour posted Q2 adjusted EPS of 4 cents on revenue of $1.33 billion, topping estimates despite a 5% sales decline.
- Full-year guidance now calls for revenue down 4% to 5% and adjusted EPS of 3 to 5 cents, with gross margin expected to fall 190 to 210 basis points largely from higher U.S. duties.
- The company has estimated roughly $100 million in incremental tariff costs this year, with about 30% of goods sourced from Vietnam.
- North America revenue fell 8% as international rose 2%, including EMEA up 12% and Latin America up 15%, while Asia-Pacific declined 14% and e-commerce dropped 8%.
- Reza Taleghani will become CFO in February 2026 as David Bergman remains through Q1 FY2027 for the transition, and shares were down about 2% premarket and roughly 44% year to date.