Under Armour Sales Beat Estimates, Fall 6.9%

Under Armour reported fiscal second-quarter 2027 adjusted earnings of breakeven per share, beating expectations for a $0.01 loss, while revenue of about $1.24 billion was slightly above forecasts and fell roughly 7% year over year. Sales declined across regions and product categories, with footwear posting the steepest drop. Adjusted operating income was $25 million, gross margin slipped 30 basis points to 47%, and free cash flow was negative. CEO Kevin Plank said the company is pursuing greater efficiency, refining its product range and increasing global marketing as part of its turnaround. Under Armour maintained its full-year outlook, including a mid-single-digit revenue decline and adjusted earnings per share of $0.08 to $0.12.