Overview
- After months without a forecast, the company now projects FY2026 revenue down 4% to 5% and adjusted EPS of $0.03 to $0.05, below LSEG consensus of a 4% decline and $0.06.
- Third-quarter revenue fell 5% to $1.33 billion, while adjusted EPS of $0.04 topped expectations of $0.02.
- Reza Taleghani was appointed finance head and will become CFO in February 2026, with David Bergman remaining through the first quarter of fiscal 2027.
- Under Armour expects about $100 million in incremental tariff costs and sources roughly 30% of its merchandise volume from Vietnam.
- North American sales declined 8% as international revenue grew 2% on strength in Europe and Latin America, and shares were down about 2% in premarket trading.