During the quarter ended 30 June 2026, revenue at Under Armour fell 3% year-on-year to $1.1bn, with sales in North America down 9% and Asia-Pacific declining 7%.
International revenue proved more resilient, increasing 5% to $490m, driven by a 12% rise in the Europe, the Middle East and Africa (EMEA) region and an 8% gain in Latin America.
Wholesale revenue declined 2%, while direct-to-consumer sales dropped 6%, including a 12% decrease in eCommerce.
Under Armour president and CEO Kevin Plank said: "As we navigate a challenging consumer demand environment, we continue to make progress in building a more focused Under Armour, despite updating our full-year revenue outlook."
The company's gross margin, however, improved 590 basis points to 54.1%, primarily due to tariff refunds under the International Emergency Economic Powers Act (IEEPA), which offset the negative impact of foreign exchange, regional mix, and pricing pressures.
#sales #Consumer #june #asia
International revenue proved more resilient, increasing 5% to $490m, driven by a 12% rise in the Europe, the Middle East and Africa (EMEA) region and an 8% gain in Latin America.
Wholesale revenue declined 2%, while direct-to-consumer sales dropped 6%, including a 12% decrease in eCommerce.
Under Armour president and CEO Kevin Plank said: "As we navigate a challenging consumer demand environment, we continue to make progress in building a more focused Under Armour, despite updating our full-year revenue outlook."
The company's gross margin, however, improved 590 basis points to 54.1%, primarily due to tariff refunds under the International Emergency Economic Powers Act (IEEPA), which offset the negative impact of foreign exchange, regional mix, and pricing pressures.
#sales #Consumer #june #asia
2 months ago
