🔹 Adj. EPS: $0.02 (Est. $0.03 🔴)
🔹 Revenue: $1.10B; -4% YoY (Est. $1.13B 🔴)
Q2 Outlook
🔹 Revenue: -6% to -7% YoY (Est. -2.9% 🔴)
🔹 Gross Margin: -340 to -360 bps YoY (tariff/supply chain impact)
🔹 Adj. Operating Income: $30M–$40M
🔹 Adj. EPS: $0.01–$0.02
Segment Performance
🔹 Apparel: $747M; -1% YoY
🔹 Footwear: $266M; -14% YoY
🔹 Accessories: $100M; +8% YoY
🔹 Wholesale: $649M; -5% YoY
🔹 Direct-to-Consumer: $463M; -3% YoY
🔹 Stores: +1% YoY
🔹 eCommerce: -12% YoY (31% of DTC)
Other Key Metrics:
🔹 North America rev: $670M; -5% YoY
🔹 International rev: $467M; -1% YoY
🔹 Gross Margin: 48.2%; +70 bps YoY
🔹 Adj. Operating Income: $24M
🔹 Inventory: $1.1B; +2% YoY
🔹 Cash: $911M (no revolver borrowings)
CEO Commentary
🔸 “Our quarterly results met or exceeded expectations as we drive a bold transformation – sharpening Under Armour into a brand where sports credibility, innovation, and style meet operational discipline.” – Kevin Plank