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Softening consumer demand across North America and Asia-Pacific is pulling the athletic apparel sector through a deeper correction than many had anticipated, and Under Armour Inc (NYSE:UA) handed investors a measure of that pressure with its fiscal first-quarter results.
The company reported revenue of $1.1 billion, a 3% year-over-year decline that came in marginally below the Wall Street consensus of $1.11 billion, sending the stock down about 2%.
Under Armour also widened its fiscal 2027 revenue forecast to a mid-single-digit percentage decline, stepping back from a previous projection for only a slight contraction.
Quarter results: an earnings beat the revenue line complicates Adjusted diluted earnings per share of $0.05 cleared the $0.02 consensus estimate, showing the company can protect the bottom line even as top-line volumes pull back.
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