Q3 2026 Under Armour Inc Earnings Call Transcript
Key Points
- Under Armour Inc (UAA) has simplified its operating system, resulting in reduced inventory and more precise planning.
- The company has raised its full-year adjusted operating income outlook, indicating improved business stability.
- Key indicators such as brand health, awareness, and engagement are trending positively, especially among younger athletes.
- The company is seeing strong double-digit growth in its Heat and ColdGear products, reflecting successful product innovation.
- Under Armour Inc (UAA) has made targeted leadership changes to accelerate speed and improve product mix, pricing, and margin performance.
- Revenue declined by 5% to $1.3 billion, with North America revenue down 10% and APAC revenue down 5%.
- Footwear sales are down 14% year-to-date, reflecting structural issues that the company is still addressing.
- Gross margin declined by 310 basis points year over year, primarily due to supply chain headwinds and higher US tariffs.
- The company recorded a third-quarter operating loss of $150 million, with adjusted operating income at $26 million.
- The footwear category remains challenging, with a need to exit low productivity styles and reduce redundant SKUs.
Good day, and welcome to the Under Armour third quarter 2026 earnings conference call. (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Lance Allega, Senior Vice President of Finance and Capital Markets. Please go ahead.
Good morning, and welcome to Under Armour's Fiscal 2026 third quarter earnings call. Today's call is being recorded and a replay will be available on our investor website shortly after it ends.
Joining us this morning are Kevin Plank, Under Armour's President and CEO; and Dave Bergman, our CFO.
Before we begin, please note that certain statements made on today's call are forward-looking as defined under federal securities laws. These statements reflect management's current expectations as of February 6, 2026, and are subject to risks and uncertainties that could cause actual results to differ materially. For a detailed discussion of these factors, please refer to
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