Under Armour Exceeds Q3 Expectations and Raises Fiscal 2025 Forecast

The sportswear brand reports narrower revenue declines, improved margins, and updated guidance as it continues restructuring efforts.

Under Armour's Q3 revenue fell 6% year-over-year to $1.4 billion, marking its seventh consecutive quarterly decline, but exceeded analyst expectations of a 10% drop.
The company posted adjusted earnings per share of $0.08, doubling analyst estimates of $0.04, driven by reduced discounting and supply chain efficiencies.
Gross margin improved to 47.5%, up from 45.1% the previous year, attributed to lower product and freight costs and a favorable currency impact.
North America revenue declined 8% to $844 million, while EMEA revenue grew 5%, Asia-Pacific fell 5%, and Latin America dropped 16%.
Under Armour raised its fiscal 2025 guidance, projecting adjusted EPS of $0.28-$0.30 and a 10% revenue decline, narrowing earlier expectations of a low double-digit drop.