en.Wedoany.com Reported - Under Armour reported a net loss of $43 million in the fourth quarter of fiscal 2026, compared to a net loss of $67 million in the same period last year.

"Our fiscal 2026 results reflect the continued deliberate actions we are taking to right-size our business and restore the discipline required to return to being a premium brand," said Kevin Plank, President and CEO of Under Armour.

Fourth Quarter Loss Narrows

Under Armour's fourth-quarter revenue decreased 1% year-over-year to $1.2 billion, flat compared to the same period last year. North America revenue fell 7% to $641 million, down from $689 million in the prior-year period.

International revenue grew 10% to $539 million, compared to $489 million in the fourth quarter of fiscal 2025. Within the international segment, revenue increased 7% in EMEA, 13% in Asia-Pacific, and 22% in Latin America.

Wholesale revenue was $748 million, down 3%; while direct-to-consumer revenue grew 5% to $406 million. Owned store revenue increased 8%, and e-commerce revenue was flat, representing 35% of the quarter's total direct-to-consumer revenue.

By category, apparel revenue was flat at $778 million, footwear was unchanged at $282 million, and accessories grew 2% to $94 million.

Gross margin for the quarter decreased 470 basis points to 42.0%, compared to 46.7% in the prior-year period. Under Armour stated the decline was primarily due to "higher tariffs, higher product costs, pricing pressures, and an unfavorable regional mix."

Selling, general, and administrative expenses decreased 15% to $518 million, compared to $607 million in the prior-year period.

Under Armour reported an operating loss of $34 million for the fourth quarter of 2026, compared to an operating loss of $72 million in the fourth quarter of 2025. Adjusted operating income for the fourth quarter was $3 million, compared to an adjusted operating loss of $36 million in the prior-year period.

Inventory at quarter-end totaled $915 million, down 3% from $946 million at the end of the fourth quarter of fiscal 2025. Cash and cash equivalents were $309 million, down from $501 million in the prior-year period.

Fiscal 2025 Net Loss Totals $496 Million

For the full fiscal year, Under Armour reported a net loss of $496 million, compared to a net loss of $201 million in fiscal 2025.

Adjusted net income was $50 million, down from $135 million in fiscal 2025; revenue decreased 4% to $5.0 billion, compared to $5.2 billion last year. Adjusted operating income fell to $107 million, down from $198 million last year.

In fiscal 2026, apparel revenue decreased 2% to $3.4 billion, while footwear revenue declined 11% to $1.1 billion.

Looking ahead to fiscal 2027, the company expects revenue to be down slightly year-over-year, with a low single-digit decline in North America partially offset by low single-digit growth in EMEA and Asia-Pacific.

Under Armour stated it has extended its fiscal 2025 restructuring plan, with total program costs increased to approximately $305 million, expected to be completed by December 31, 2026.

The company said it expects to benefit from $70 million in IEEPA tariff refunds, but added that it anticipates facing $35 million in "headwinds from the Middle East conflict."

CEO Plank added: "As we stabilize revenue in fiscal 2027, we are applying the same rigor we used to strengthen our product engine to our storytelling capabilities."

Recently, Under Armour joined the U.S. Cotton Trust Protocol to support its efforts to drive more responsible sourcing.

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