Overview

• Under Armour reported adjusted EPS of $0.02 in the first quarter, falling short of the $0.03 analyst estimate.
• Revenue declined 4% year-over-year to $1.1 billion in Q1.
• Shares tumbled more than 13% in premarket trading following the earnings release.
• The company projected Q2 EPS of $0.01–$0.02 and a 6–7% revenue drop versus analyst expectations of $0.26 per share and $1.36 billion in sales.
• CEO Kevin Plank said U.S. tariffs will add $100 million in costs this fiscal year as restructuring charges from the May 2024 plan continue.