Under Armour lifts yearly forecasts after reset strategy helps stem sales decline
The retailer raised its annual profit forecast after reporting better than expected quarterly results. A strategy to cut costs is yielding strong early gains.
Insights:
Under Armour, Inc. raised its fiscal 2026 financial forecasts on February 6, 2026, following the release of third-quarter results that surpassed market expectations. The company narrowed its expected adjusted earnings per share to a range of $0.10 to $0.11, a significant increase from the prior guidance of 3 to 5 cents. This announcement comes as the company continues a multi-quarter restructuring process and follows a year in which its share price fell nearly 40%. Following the news, shares of Under Armour, Inc. rose about 4% in premarket trading.
