Under Armour Shares Surge Despite Mixed Financial Results

The company reports a 10% revenue drop but beats expectations amid ongoing restructuring efforts.

Under Armour posted a surprise adjusted profit of 1 cent per share, against expectations of an 8-cent loss.
First-quarter revenue fell to $1.18 billion, a 10% decline year-over-year, but exceeded analyst estimates.
North America revenue decreased by 14%, while international sales dipped 2%.
The company recognized $34 million in restructuring charges, with more expected throughout fiscal 2025.
CEO Kevin Plank remains optimistic about the brand's turnaround and premium positioning strategy.