)
Business Philosophy30 May 2024
The Rise of Athleisure
A closer look at the athleisure trend from a business standpoint, the driving factors behind its rise in popularity, and the companies involved.
Under Armour (UA) investor relations material
Under Armour Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary8 Aug, 2025
Executive summary
Leadership is driving a brand-first transformation focused on sports authenticity, innovation, and premiumization to rebuild long-term value and cultural relevance.
Revenue declined 4–4.2% year-over-year to $1.1–$1.13 billion, with EMEA growing and other regions declining.
Gross margin improved by 70 basis points to 48.2%, driven by FX, pricing, and product mix.
Net loss narrowed sharply to $2.6–$3 million, with diluted EPS at $(0.01); adjusted EPS was $0.02.
Operational streamlining, SKU reductions, and restructuring are underway to sharpen execution and improve pricing power.
Financial highlights
Apparel revenue declined 1–1.5%, footwear fell 14–14.3%, accessories grew 8–8.1% year-over-year.
Wholesale revenue decreased 4.6–5%, direct-to-consumer revenue dropped 3–3.5%, and eCommerce declined 12%.
Adjusted operating income was $24 million; operating income reached $3.3 million, rebounding from a prior-year loss.
Adjusted SG&A expenses fell 6% to $522 million, reflecting restructuring savings and lower marketing spend.
Inventory rose 2% to $1.1 billion; cash and equivalents totaled $911 million, bolstered by $400 million in new senior notes.
Outlook and guidance
FY26 revenue expected to decline 6–7% year-over-year, with North America down low double digits, APAC down low teens, and EMEA up high single digits.
Gross margin projected to decline 340–360 bps, mainly from $100 million in new tariff costs and unfavorable channel mix.
Adjusted operating income and EPS expected to be about half of FY25 levels due to tariff and demand headwinds, higher interest expense, and tax rate.
Q2 anticipated as the toughest quarter, with promotional pressure and continued footwear headwinds; improvement expected in Q4 as new products launch.
The 2025 restructuring plan is expected to incur $140–$160 million in pre-tax charges, with completion targeted by end of FY26.
Explain the expected tariff impacts.
Assess the progress of the restructuring plan.
How will senior notes be retired?
How are tariffs impacting wholesale demand?
Actions to improve DTC in North America?
Explain the EMEA 1,2,3,4 strategy.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Under Armour earnings date
Q2 20266 Nov, 2025
Next Under Armour earnings date
Q2 20266 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Business Philosophy30 Apr 2024
Kevin Plank and the Rise of Under Armour
Dive into the story of Under Armour and its founder Kevin Plank, highlighting both successes and mistakes.
)
Company Research10 Aug 2023
Notable Companies that had their IPOs in 2005
2005 was an intriguing year for the global stock market. It marked the middle of the first decade of the new millennium, a period characterized by economic growth, technological advancements, and the rise of new business models. Within this broader narrative, several companies chose to step into the public domain, seizing the opportunity to raise capital and capture greater market attention. This article delves into the notable companies that had their Initial Public Offering (IPO) in 2005.
Frequently asked questions
Athletic Equipment Experts
Under Armour is an athletic apparel and performance gear company that caters to athletes and fitness enthusiasts. With a focus on qualitative apparel, Under Armour offers a wide range of products designed to enhance athletic performance and comfort. Their product lineup includes apparel, footwear, accessories, and connected fitness solutions. Under Armour's commitment to quality and functionality has made them a trusted brand in the sports industry for both professional athletes and customers who simply need something to wear to the gym.
Founding and growth
Under Armour was founded in 1996 by Kevin Plank, a former University of Maryland football player. The company's origins trace back to Plank's idea to develop a moisture-wicking performance shirt for athletes. He created a fabric that effectively regulated sweat, providing a level of comfort and performance that he himself had wanted during his active career. From its humble beginnings in Plank's grandmother's basement, Under Armour has grown into a global athletic apparel and equipment brand competing with companies such as Nike and Adidas.
The products themselves
Under Armour offers a diverse range of products tailored to meet the needs of athletes and fitness enthusiasts. Their product lineup includes athletic apparel, such as shirts, shorts, leggings, and outerwear, designed with advanced fabric technologies for comfort and performance. They also provide footwear for various sports and training activities, along with accessories like hats, socks, bags, and gloves. Additionally, Under Armour offers connected fitness solutions, including wearable devices and apps, to help individuals track and improve their performance during and after workouts.
Getting the products to consumers
Under Armour employs various channels to sell their products to consumers. They operate a robust e-commerce platform, allowing customers to purchase directly from their official website. In addition to its e-commerce presence Under Armour distributes its products through a network of retail partners, including department stores, sporting goods retailers, online marketplaces, and specialty athletic stores. Under Armour also utilizes direct-to-consumer channels, such as company-owned stores and brand-specific outlets.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage