Q4 2026 Under Armour Inc Earnings Call Transcript
Key Points
- Under Armour Inc (UAA) is focusing on premiumization by delivering greater performance and value through fewer, more purposeful products.
- The company has reduced SKUs by 25% over the past two years, aiming for healthier margins and a more succinct consumer proposition.
- Under Armour Inc (UAA) is seeing early signs of sell-through, cleaner inventory, and stronger partner engagement, indicating improved control and positioning for growth.
- The company is implementing a category management model to focus investment on categories and products that strengthen the brand and improve growth quality.
- Under Armour Inc (UAA) is prioritizing revenue quality over volume, focusing on building better products with stronger margins and greater brand impact.
- Under Armour Inc (UAA) reported a 4% decline in revenue to $5 billion for fiscal '26, with North America down 8%.
- The company is not improving its bottom line fast enough, despite confidence in its strategy.
- Gross margin declined 220 basis points to 45.7% in fiscal '26, driven by higher US tariffs and a more promotional second half.
- The company expects revenue to be down slightly in fiscal '27, reflecting continued consumer uncertainty and deliberate business reshaping choices.
- Under Armour Inc (UAA) is facing ongoing external pressures, including tariffs and broader geopolitical uncertainty, impacting financial performance.
Good day, and welcome to the Under Armour, Inc.'s fourth-quarter 2026 earnings conference call. (Operator Instructions)
Please note this event is being recorded. I would now like to turn the conference over to Mr. Lance Allega, Senior Vice President, Finance and Capital Markets. Please go ahead.
Thank you. Good morning, and welcome to -- under Armour's fiscal 2026 fourth-quarter earnings call. Today's call is being recorded, and a replay will be available on our Investor Relations website shortly after the call concludes. Joining us this morning are Kevin Plank, President and CEO; and Reza Taleghani, Chief Financial Officer.
Before we begin, please note that certain statements made on today's call are forward-looking statements within the meaning of federal securities law. These statements reflect management's current expectations as of May 12, 2026, and are subject to risks and uncertainties that could cause actual results to differ materially. For a
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
