Core Insights - Under Armour Inc reported fiscal second-quarter results that exceeded expectations, with adjusted earnings of four cents per share, surpassing the Street's forecast of two cents per share [2] - Despite a contraction in gross margins by 250 basis points to 47.3%, this figure was better than the consensus estimate of 46.3% [2] - The company anticipates a revenue decline of 4%-5% in fiscal 2026, particularly in North America and APAC, with a high single-digit decline expected in those regions [3] Financial Performance - The fiscal second-quarter results were slightly above expectations, attributed to a timing shift of 100 basis points of sales from the third quarter and benefits from foreign exchange and pricing actions [4] - The guidance for the fiscal third quarter fell short of expectations due to soft demand and the full quarter impact of tariffs, indicating ongoing challenges [5] Analyst Ratings - JPMorgan analyst Matthew Boss reiterated an Underweight rating with a price target of $5, while Telsey Advisory Group analyst Cristina Fernández maintained a Market Perform rating with the same price target [6]

Financial Performance - Under Armour Inc is expected to report a loss of nine cents per share on revenue of $1.16 billion, significantly lower than the same quarter last year [1] - Year to date, Under Armour's stock is down 27.9% [1] Stock Movement and Analyst Sentiment - The stock was up 4.5% at $5.97, but has faced resistance at the $6 level since an April 3 bear gap [1] - The majority of analysts are bearish, with 20 out of 23 analysts maintaining a "hold" or worse rating, and Telsey Advisory has reduced its price target from $10 to $7 [3] - The analyst consensus price target is currently at $7.67 [3] Historical Stock Behavior - Over the last two years, Under Armour stock has only closed three post-earnings sessions lower, with the most recent decline occurring in February [4] - The stock has averaged an 8% next-day swing following earnings reports, which is lower than the 12.5% move that options markets are currently pricing in [4]