Under Armour Forecasts Revenue Decline and Low Profit
Under Armour expects fiscal 2027 revenue to fall as weak consumer spending and intense competition impact its core North American market. The company projected annual adjusted profit between 8 and 12 cents per share, significantly missing analyst estimates of 23 cents.
Xurve View
Insights:
Xurve View
UNDER ARMOUR INC-CLASS A forecast another annual revenue decline on Tuesday as demand falters in its core North American market. The outlook follows three consecutive years of falling sales for the Baltimore-based apparel maker. Investors are questioning the brand's ability to stabilize its business as selective consumer spending and intensifying competition erode market share.
