Under Armour, Inc. (UAA) Form 10-Q — Nov 6, 2026
Under Armour reported Q2 FY2027 net revenues of $1.24 billion, down 6.9% year over year, with declines across apparel (-6.0%), footwear (-11.2%), and accessories (-7.2%), and in both wholesale (-6.5%) and direct-to-consumer (-8.2%) channels. Only Latin America grew, up 3.0%, while North America, EMEA, and Asia-Pacific all declined 7-9%. The company posted a roughly break-even quarter with a net loss of $0.4 million versus an $18.8 million loss a year ago, as Q2 gross margin slipped 30 basis points to 47.0% and operating income fell 13.2% to $14.8 million.
Key figures
- Eps
- 0
- Revenue
- 1241743000
- Total Debt
- 590000000
- Revenue Yoy
- -6.9%
- Total Assets
- 3941567000
- Cash Position
- 284550000
- Inventory
- 1075939000
- Dtc revenue yoy
- -8.2%
- Gross margin q2
- 47.0%
- Remaining buyback
- $385 million
- Six month revenue
- 2339670000
- Apparel revenue yoy
- -6.0%
- Gross margin change
- -30 bps YoY
- Q2 operating income
- 14791000
- Footwear revenue yoy
- -11.2%
- Revolver outstanding
- $190 million at 4.98% weighted average rate
- Six month net income
- 120000
- Six month revenue yoy
- -5.2%
- Wholesale revenue yoy
- -6.5%
- Q2 operating income yoy
- -13.2%
- Tariff refunds received
- $117 million
- Tariff refund cogs benefit
- $70 million in first half
- Restructuring charges to date
- $279.7 million of up to $305 million plan
AI analysis
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