Under Armour Reports Mixed Q2 Results with Revenue Miss and Updated FY2027 Outlook
Under Armour (UAA) reported second-quarter results that showed a divergence between profitability and top-line growth. While Non-GAAP earnings per share of $0.00 slightly exceeded analyst expectations by $0.01, total revenue fell to $1.2 billion, representing a 9.8% year-over-year decline and missing estimates by $20 million. The company's balance sheet shows an increase in inventory, which rose 4% to $1.1 billion. At the end of the quarter, Under Armour held $285 million in cash and cash equivalents, alongside $190 million in borrowings. The results include a revised outlook for fiscal year 2027 as the company navigates shifting consumer demand.
Tickers: $UAA
Topics: earnings beat inventory management liquidity revenue miss
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Part of the story Under Armour Reports Mixed Q2 Results with Revenue Miss and Updated FY2027 Outlook (2 articles)