Core Insights - Under Armour reported third-quarter earnings that exceeded expectations, with earnings per share of $0.09 compared to analyst expectations of a $0.02 loss, leading to a more than 11% increase in shares intra-day [1] - Revenue for the quarter totaled $1.33 billion, a 6% decline on a currency-neutral basis but slightly above the consensus estimate of $1.31 billion [1] Revenue Breakdown - North America revenue fell 10% to $757 million, negatively impacting overall results [2] - International revenue increased 3% to $577 million, with a 1% growth on a currency-neutral basis; EMEA revenue rose 2%, Asia-Pacific declined 5%, and Latin America increased 13% [2] Financial Metrics - Adjusted operating income reached $26 million, excluding litigation reserves and transformation and restructuring costs [3] - Gross margin declined by 310 basis points to 44.4%, primarily due to higher tariffs [3] Future Outlook - Under Armour forecasts fiscal 2026 earnings per share of $0.10 to $0.11, exceeding the average analyst estimate of $0.05 [3] - The company expects full-year revenue to decline by approximately 4%, an improvement from the previous outlook of a 4% to 5% decrease [3]
Under Armour Shares Surge 11% After Q3 Earnings Beat and Raised Full-Year Profit Outlook