The sportswear company reports improved Q4 earnings but full-year losses widen amid restructuring efforts and margin pressures.
Under Armour posted a Q4 net loss of $43m, improving from a $67m loss in the same quarter last year. The company attributed the narrower loss to ongoing cost-cutting measures and operational discipline as part of its fiscal 2026 reset plan.
Revenue for the quarter remained flat at $1.2bn year-on-year, with North America sales declining 7% to $641m while international revenue rose 10% to $539m. Gross margin contracted 470 basis points to 42.0%, driven by higher tariffs, product costs, and pricing challenges.
Direct-to-consumer revenue increased 5% to $406m, offsetting a 3% decline in wholesale revenue. Apparel and footwear sales were unchanged, while accessories grew 2% to $94m.