Under Armour Q4 net loss improves as FY26 net losses total $496m

Under Armour recorded a nett nonaccomplishment of $43m for Q4 FY26, compared with a nett nonaccomplishment of $67m successful the aforesaid 4th of the erstwhile year.

Under Armour president and CEO Kevin Plank said: “Our fiscal 2026 show reflects the ongoing intentional steps we're taking to reset the concern and reconstruct the subject required to run arsenic a best-in-class brand."

Losses constrictive successful Q4

Under Armour’s gross for Q4 FY26 declined 1% year-on-year to $1.2bn, matching the gross of the prior-year quarter. North America gross fell 7% to $641m, down from $689m successful the aforesaid play a twelvemonth earlier.

International gross roseate 10% to $539m, compared to $489m successful the 4th fourth of fiscal 2025. Within planetary markets, gross successful Europe, Middle East and Africa (EMEA) accrued 7%, Asia-Pacific grew 13%, and Latin America was up 22%.

Wholesale gross was $748m, a diminution of 3%, portion direct-to-consumer (DTC) gross accrued 5% to $406m. Owned-and-operated store gross grew 8% and eCommerce gross was flat, accounting for 35% of full DTC gross successful the quarter.

By category, apparel gross was level astatine $778m, footwear was unchanged astatine $282m, and accessories accrued 2% to $94m.

Gross borderline for the 4th declined 470 ground points to 42.0%, compared to 46.7% successful the prior-year period. Under Armour said this diminution was chiefly caused by "higher tariffs, arsenic good arsenic higher merchandise costs, pricing headwinds, and unfavorable determination mix".

Selling, wide and administrative expenses decreased 15% to $518m, against $607m a twelvemonth earlier.

Under Armour reported an operating nonaccomplishment of $34m for Q4 2026, versus an operating nonaccomplishment of $72m successful the Q4 2025. Adjusted operating income for Q4 was $3m, compared to an adjusted operating nonaccomplishment of $36m successful the aforesaid play past year.

Inventory astatine quarter-end totalled $915m, a 3% alteration from $946m astatine the extremity of the 4th fourth of fiscal 2025. Cash and currency equivalents stood astatine $309m, down from $501m a twelvemonth earlier.

FY25 nett losses full $496m

For the afloat year, Under Armour reported a nett nonaccomplishment of $496m, compared with a nett nonaccomplishment of $201m successful fiscal 2025.

Adjusted nett income was $50m, a alteration from $135m successful fiscal 2025, portion gross declined 4% to $5.0bn, compared to $5.2bn successful the anterior year. Adjusted operating income fell to $107m, down from $198m successful the erstwhile year.

For FY26, apparel gross decreased 2% to $3.4bn portion footwear gross declined 11% to $1.1bn.

Looking up to fiscal 2027, the institution expects gross to diminution somewhat year-on-year, with a debased single-digit alteration successful North America partially offset by debased single-digit maturation successful EMEA and Asia-Pacific.