Under Armour Updates FY26 Outlook

Financial Performance - For fiscal 2026, Under Armour expects adjusted earnings per share to range from $0.10 to $0.11, an increase from the prior outlook of $0.03 to $0.05 [1] - The company anticipates a loss per share between $1.24 and $1.25 [1] - Adjusted operating income is projected to be approximately $110 million, compared to the previous outlook of $95 million to $110 million [1] - Revenue is expected to decline by approximately 4 percent, an improvement from the prior outlook of a 4 to 5 percent decline [1] Quarterly Results - In the third quarter, Under Armour reported a net loss of $430.8 million, a significant decrease from a net income of $1.2 million in the previous year [2] - The net loss per share for class A, B, and C common stock was $1.01, compared to breakeven in the prior year [2] - Adjusted operating income for the quarter was $26 million, while adjusted net income per share was $0.09, slightly up from $0.08 [2] - Revenue decreased by 5 percent to $1.33 billion, or down 6 percent on a currency-neutral basis [2] Management Commentary - Under Armour's CEO Kevin Plank stated that the third quarter adjusted operating results exceeded expectations and expressed optimism about the progress in reigniting brand momentum despite some non-recurring impacts [3] Market Reaction - In pre-market trading on NYSE, Under Armour shares increased by 3.26 percent to $6.50 [4]