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Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights Investors reacted to Under Armour’s cautious guidance update and outlook below consensus expectations. Under Armour expects a slight year-over-year revenue decline, with North America down low single digits and EMEA, Asia-Pacific seeing low single-digit growth. Gross margin declined due to higher tariffs, higher product costs, pricing headwinds, and unfavorable regional mix, partially offset by foreign exchange gains and favorable channel mix