Under Armour cuts 2027 revenue forecast after Q1 sales drop despite earnings beat

Under Armour reported a fiscal Q1 earnings beat with adjusted EPS of $0.05 versus $0.02 expected, but revenue fell 3% to $1.1 billion, slightly below estimates. North American sales dropped 9%, while international sales rose 5%. The company lowered its full-year 2027 revenue outlook to a mid-single-digit decline, citing weaker demand in North America and Asia-Pacific. Despite this, Under Armour maintained its operating income and adjusted EPS guidance, focusing on simplifying operations and investing in a premium product strategy to sustain profitability.