Q2 2026 Under Armour Inc Earnings Call Transcript
Key Points
- Under Armour Inc (UAA) is experiencing strong growth in the EMEA region, with a 12% revenue increase driven by full-price wholesale and direct-to-consumer channels.
- The company is seeing positive momentum in North America, with increased brand awareness among 18 to 34-year-olds, rising from the mid-60s to over 80% due to successful marketing campaigns.
- Under Armour Inc (UAA) has introduced innovative products like the Velociti Elite 3 running shoe, which has gained credibility through high-profile athletic achievements.
- The company is focusing on premiumization and innovation, with new product launches like the NEOLAST fiber technology, which offers sustainable and superior performance.
- Under Armour Inc (UAA) is strengthening its leadership team with the appointment of Reza Taleghani as the new CFO, bringing extensive global finance experience to the company.
- Revenue declined by 5% to $1.3 billion in the second quarter, with North America experiencing an 8% decrease due to lower full-price wholesale and e-commerce sales.
- The APAC region saw a 14% revenue decline, primarily driven by challenges in the wholesale business.
- Footwear revenue decreased by 16%, reflecting ongoing pressure from a challenging consumer demand environment.
- Gross margin declined by 250 basis points year-over-year to 47.3%, mainly due to supply chain headwinds and higher US tariffs.
- The company is facing significant tariff impacts, with a projected gross margin decline of 310 to 330 basis points in the third quarter.
Good day, and welcome to the Under Armour Q2 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 second 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 November 6, 2025, 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 this morning's
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