Under Armour is trading 5% down at $5.81 as investors continue reacting to the August 7 earnings report and weaker outlook.
- Revenue fell 3% to $1.1 billion; management lowered fiscal 2027 revenue guidance to a mid-single-digit decline from a prior slight decline, citing softer demand in North America and Asia-Pacific.
- The 54.1% gross margin benefited substantially from tariff refunds, making the earnings beat appear less durable.