Core Viewpoint - Under Armour reported a decline in third-quarter revenue and a worsened full-year loss outlook, attributing these issues to weaker demand in North America and increased US tariffs [1][5]. Financial Performance - Net revenue for Q3 2025 decreased by 5% year-on-year to $1.33 billion, or 6% lower on a currency-neutral basis [1] - The company experienced a quarterly net loss of $431 million, which included a $247 million valuation allowance related to US federal deferred tax assets [1] - Adjusted net income for the quarter was $37 million [1] Sales Breakdown - Wholesale sales fell by 6% to $660 million, while direct-to-consumer revenue dropped by 4% to $647 million, with online sales down by 7% [2] - Apparel revenue decreased by 3% to $934 million, footwear revenue declined by 12% to $265 million, and accessories revenue fell by 3% to $108 million [2] Cost and Margin Analysis - Gross margin contracted by 310 basis points to 44.4%, primarily due to tariffs, pricing pressures, and an unfavorable sales mix [2] - Selling, general and administrative (SG&A) costs rose by 4% to $665 million, largely due to a $99 million litigation reserve and $3 million in restructuring-related expenses [3] - On an adjusted basis, SG&A expenses fell by 7% [3] Regional Performance - North America revenue dropped by 10% to $757 million, partially offset by a 3% increase in international revenue, with EMEA up by 6% and Latin America up by 20% [4] - Revenue in the Asia Pacific region declined by 5% [4] Inventory and Cash Position - Inventory decreased by 2% to $1.1 billion, with the company ending the quarter with $465 million in cash and $600 million in restricted investments for upcoming debt repayments [4] Full-Year Outlook - For the full year, Under Armour expects revenue to decline by 4% and forecasts an operating loss of $154 million, compared to earlier guidance of a $56 million to $71 million loss [5] - Adjusted operating income is projected to be near $110 million, with diluted loss per share expected to be between $1.24 and $1.25 [5]

近日，运动品牌安德玛发布2026财年第三季度业绩报告显示，报告期内，安德玛实现营收13.3亿美元，同比下降5%，毛利率下降3.1个百分点至44.4%。 分区域来看，安德玛本土市场北美地区营收同比下滑10%，这已经是其多季度北美市场出现下滑的情况。值得一提的是，在本土市场略显颓势之际，安德玛 在国际市场表现呈现增长。根据财报数据，报告期内，安德玛国际市场营收增长3%。安德玛相关人士分享称："国际市场持续展现出韧性，为全球业务的长 期发展奠定了坚实基础。"其中，包括中国市场在内的亚太地区本季度实现营收1.9亿美元，下滑5%，较去年同期相比下滑幅度有所收窄，EMEA市场也实现 6%的增长。 实际上，近两年，随着中国运动市场规模及热度的不断扩大，各运动品牌加速在华布局，安德玛同样不例外。 据了解，过去一年，安德玛在中国市场动作频频。如2025年10月，安德玛推出以ColdGear®冬训紧身衣为核心产品的全新冬季系列，为运动爱好者在寒冷季 节提供高效保障。同时伴随经典训练装备的回归，安德玛同步推出UA NEXT COMBINE创新体能测试体系和体能挑战赛。2025年11月，安德玛推出专业竞 速跑鞋UA Velociti ...

北京商报讯（记者 张君花）2月8日，北京商报记者从Under Armour安德玛官方处获悉，2026财年第三 季度，安德玛实现营收13.3亿美元，同比下降5%；毛利率下降3.1个百分点至44.4%。分区域来看，北美 市场营收同比下滑10%，国际市场营收上升3%，持续展现出韧性，为全球业务的长期发展奠定了坚实 基础。包括中国市场在内的亚太地区本季度实现营收1.9亿美元。安德玛方面表示，将继续通过战略聚 焦及创新投入，进一步提升长期增长潜力。 ...

Group 1 - The article emphasizes the importance of preparing for a rotation in market leadership away from certain industries in the choppy market of 2026 [1] - Gary Alexander has extensive experience in covering technology companies and advising startups, contributing to the understanding of current industry themes [1] Group 2 - The article does not provide any specific stock recommendations or investment advice [2][3]

Core Insights - Under Armour reported earnings per share of $0.09, exceeding the estimated loss of $0.015, and revenue of approximately $1.33 billion, surpassing the estimated $1.16 billion [1][5] Group 1: Financial Performance - The company's third-quarter revenue decline was smaller than anticipated due to successful turnaround efforts aimed at simplifying its product assortment [3] - Under Armour's adjusted operating results for the third quarter surpassed expectations, indicating positive progress [3] Group 2: Revenue Expectations - Despite positive earnings, Under Armour has adjusted its revenue expectations for fiscal 2026, anticipating a decline at the milder end of its forecast [2][5] - The company faces challenges such as weak demand in North American and Asia-Pacific markets and ongoing tariff pressures [2][5] Group 3: Valuation Metrics - The price-to-sales ratio is about 0.60, indicating investors pay 60 cents for every dollar of sales [4] - The enterprise value to sales ratio is approximately 0.90, reflecting the company's valuation relative to its revenue [4] - The debt-to-equity ratio is about 1.02, suggesting slightly more debt than equity, while the current ratio is approximately 1.69, indicating good liquidity to cover short-term liabilities [4]

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据Under Armour安德玛2026财年第三季度财务业绩显示，公司实现营收13.3亿美元，同比下降5%；毛利 率下降3.1个百分点至44.4%。分区域来看，北美市场营收同比下滑10%，国际市场营收同比增长3%。安 德玛总裁兼首席执行官凯文.普朗克表示，公司第三季度调整后经营业绩超出预期，对品牌振兴阶段性 成果表示认可，并对未来全球业务稳定发展充满信心。 (安德玛) 中国市场所在的亚太地区本季度营收达1.9亿美元。同期，安德玛在中国市场推出冬季训练系列及UA NEXT COMBINE创新体能测试体系、发布UA Velociti Elite3-破速217和Velociti Distance—耐力500两款 专业跑鞋；开设全球首家智能运动社交空间；同时作为中国腰旗橄榄球等国家队合作伙伴，为其提供装 备与技术支持，助力相关运动普及。公司表示，将持续通过战略聚焦及创新投入，提升中国市场长期增 长潜力。 ...

Under Armour (NYSE:UA) Q3 2026 Earnings call February 06, 2026 08:30 AM ET Company ParticipantsDave Bergman - CFOKevin Plank - CEOLance Allega - SVP of Finance and Capital MarketsConference Call ParticipantsBob Drbul - Managing Director & Consumer Retail AnalystBrooke Roach - VP & Senior Equity Research Analyst, Consumer Retail/SoftlinesJay Sole - Managing Director & Senior Retail AnalystPeter McGoldrick - Equity Research AnalystSam Poser - Senior Equity Research AnalystSimeon Siegel - Senior Managing Direc ...

Under Armour (NYSE:UA) Q3 2026 Earnings call February 06, 2026 08:30 AM ET Company ParticipantsDave Bergman - CFOKevin Plank - CEOLance Allega - SVP of Finance and Capital MarketsConference Call ParticipantsBob Drbul - Managing Director & Consumer Retail AnalystBrooke Roach - VP & Senior Equity Research Analyst, Consumer Retail/SoftlinesJay Sole - Managing Director & Senior Retail AnalystPeter McGoldrick - Equity Research AnalystSam Poser - Senior Equity Research AnalystSimeon Siegel - Senior Managing Direc ...

Under Armour (NYSE:UA) Q3 2026 Earnings call February 06, 2026 08:30 AM ET Speaker6Good day, and welcome to the Under Armour third quarter 2026 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw the question, please press sta ...