UNDER ARMOUR REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Under Armour reported Q2 fiscal 2027 revenue of $1.24 billion, down 6.9% year-over-year, with a GAAP operating income of $15 million and roughly break-even EPS. The company exceeded its operating income outlook and adjusted operating income reached $25 million, though gross margin slipped 30 basis points to 47.0% and inventory rose 4% to $1.1 billion. Under Armour raised its FY27 GAAP operating income guidance to $99M-$119M but cut its gross margin improvement outlook to +170-220 bps from +220-270 bps, citing fuel and freight costs, Middle East conflict headwinds of ~$45M, and inventory actions.
Key figures
- Eps
- 0
- Revenue
- 1241743000
- Guidance
- FY27 revenue to decline mid-single-digit; gross margin now +170-220 bps (prior +220-270 bps); GAAP operating income $99M-$119M (prior $96M-$116M); adjusted operating income $140M-$160M; adjusted diluted EPS $0.08-$0.12
- Revenue Yoy
- -6.9%
- Sga
- 557443000
- Inventory
- 1075939000
- Dtc revenue
- 493928000
- Gross margin
- 47.0%
- Inventory yoy
- +4%
- Operating income
- 14791000
- Adjusted net loss
- 2052000
- Wholesale revenue
- 724991000
- Cash and equivalents
- 284550000
- Footwear revenue yoy
- -11.2%
- Ecommerce revenue yoy
- -12%
- North america revenue
- 737224000
- Restructuring charges q2
- 11359000
- Adjusted operating income
- 24941000
- North america revenue yoy
- -6.9%
- Restructuring plan costs to date
- 280000000
- Restructuring plan total expected
- 305000000
AI analysis
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