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Under Armour, Inc. (UAA) reported second-quarter fiscal 2026 results with adjusted earnings of four cents per share, surpassing the Zacks Consensus Estimate of three cents, though down from 30 cents a year ago. Net revenues for the quarter stood at $1,333.4 million, beating the estimate of $1,308 million but declining 5% year-over-year.
The Baltimore-based company faced a 5% drop in shares during pre-trading, reflecting a poor outlook for fiscal 2026. Revenue and earnings declines impacted investor sentiment, with UAA’s stock down 30.5% over the past three months, compared to an 11.9% decline in the industry.
Wholesale revenues fell 6.2% to $775.1 million, while direct-to-consumer sales dipped 2.2% to $538.1 million. E-commerce revenues dropped 8%, constituting 28% of direct-to-consumer sales. The company anticipates a 4-5% revenue decline in fiscal 2026 and a loss per share between 15 to 17 cents.
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