Under Armour, Inc. (NYSE:UAA) reported first-quarter fiscal 2026 results that met or exceeded internal expectations but missed Wall Street estimates on Friday.
Revenue declined 4% year over year to $1.13 billion, falling short of the $1.154 billion consensus estimate. The company reported a GAAP net loss of $3 million, or 1 cent per diluted share, and adjusted net income of $9 million, or 2 cents per share, up from 1 cent a year ago.
“Despite ongoing uncertainty, our brand is gaining strength and we’re executing our strategic plan with clarity and confidence,” said President and CEO Kevin Plank.
For the second quarter of fiscal 2026, Under Armour expects revenue between $1.055 billion and $1.066 billion, well below the $1.374 billion analyst estimate. …