Under Armour, Inc. reported a total net revenue of $4.97 billion for the fiscal year ending March 31, 2026, reflecting a decrease of 3.8% compared to $5.16 billion in the previous fiscal year. The decline was primarily driven by a 4.9% drop in wholesale revenue and a 1.7% decrease in direct-to-consumer sales. Notably, apparel sales decreased by 1.6%, while footwear sales saw a more significant decline of 10.8%. In contrast, accessory sales increased by 0.9%. The company's gross margin also contracted by 240 basis points to 45.5%, attributed to increased supply chain costs, including tariffs and unfavorable pricing dynamics.
In terms of strategic developments, Under Armour is currently executing a restructuring plan initiated in 2025, which aims to enhance financial and operational efficiencies. The plan has been expanded to include an estimated total of $305 million in charges, with $260.7 million already recorded as of March 31, 2026. This restructuring includes cash charges for employee severance and benefits, as well as non-cash charges related to contract terminations and impairments. The company anticipates that the restructuring will be substantially complete by December 31, 2026.
Operationally, Under Armour's North America segment, which accounts for approximately 58% of total revenues, experienced a revenue decline of 7.9%, while the EMEA region saw an increase of 8.6%. The Asia-Pacific segment reported a 4.8% decrease, and Latin America experienced an 8.7% increase in revenues. The company had a total of 443 Brand and Factory House stores globally as of March 31, 2026, with 198 located in North America. The total employee headcount stood at approximately 14,100, with around 10,100 working in retail stores.
Looking ahead, Under Armour's management has expressed cautious optimism regarding future performance, emphasizing the need to navigate ongoing market challenges, including inflationary pressures and geopolitical instability. The company is focused on enhancing its direct-to-consumer capabilities and expanding its global wholesale network. However, the uncertainty surrounding global trade policies and potential tariff impacts remains a significant concern for the company's profitability and operational strategies.
About Under Armour, Inc.
Under Armour, Inc. develops and markets performance apparel, footwear, and accessories for athletes and active consumers worldwide. Its products focus on innovation, technical fabrics, and performance-enhancing technologies. The company serves global markets through wholesale, direct-to-consumer stores, and e-commerce, emphasizing brand authenticity and athlete sponsorships. Its core value lies in delivering high-performance, stylish products that support active lifestyles and athletic excellence.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.