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Under Armour Q1 revenue dips 3%, updates 2027 outlook amid softer demand

Company Fundamentals
07 Aug 2026
PRNewsWire
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Neutral
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Under Armour reported a 3% revenue decline to $1.1 billion in Q1 fiscal 2027, driven by weaker demand in North America and Asia-Pacific. Despite revenue pressure, gross margin improved due to tariff refunds and pricing actions. The company updated its full-year 2027 outlook, now expecting mid-single-digit revenue declines but maintained guidance for gross margin expansion and adjusted operating income. Under Armour is focusing on disciplined expense management and brand investment to navigate the challenging market environment.

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