Under Armour first quarter revenue dips 3% to $1.1 billion

• Under Armour reported fiscal Q1 2027 revenue of $1.10 billion, down 3% year over year and 4% in constant currency.
• Gross margin increased 590 basis points to 54.1%, while adjusted EPS reached $0.05 and net income was $1 million.
• Under Armour now expects fiscal 2027 revenue to decline at a mid-single-digit rate but maintained its operating-income and adjusted-EPS outlooks.

Under Armour (NYSE:UAA) reported fiscal Q1 2027 revenue of $1.10 billion, down 3%, while operating income reached $47 million.

North America revenue declined 9% to $610 million while international revenue increased 5% to $490 million, including 12% growth in EMEA and a 7% decline in Asia-Pacific.

Gross margin increased 590 basis points to 54.1%, largely from IEEPA tariff refunds, while net income was $1 million and adjusted diluted EPS reached $0.05.

Looking ahead, Under Armour maintained its $96–$116 million fiscal 2027 operating-income forecast.

Wholesale revenue declined 2% to $638 million and direct-to-consumer revenue fell 6% to $437 million, with e-commerce sales decreasing 12%.

Under Armour now expects fiscal 2027 revenue to decline by a mid-single-digit percentage while forecasting 220–270 basis points of gross-margin expansion and adjusted EPS of $0.08–$0.12.