Under Armour, Inc. · NYSE:UA
Under Armour — Q4 2026 Earnings Presentation
19 slides from Under Armour's earnings presentation, May 12, 2026
Slide 1: Form 8-K Current Report
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________ FORM 8-K ______________________________________________________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Secur
Slide 2: Item 2.02 Results of Operations and Item 2.05 Restructuring
Item 2.02. Results of Operations and Financial Condition. On May 12, 2026, Under Armour, Inc. (“Under Armour”, or the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended March 31, 2026. A copy of Under Armour’s press release is attached her
Slide 3: Forward-Looking Statements and Exhibits
and social matters; the availability, integration and effective operation of information systems and other technology, as well as any potential interruption of such systems or technology; any disruptions, delays or deficiencies in the design, implementation, or application of our global operating an
Slide 4: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNDER ARMOUR, INC. Date: May 12, 2026 By: /s/ REZA TALEGHANI Reza Taleghani Chief Financial Officer
Slide 5: Under Armour Reports Fourth Quarter and Full-Year Fiscal 2026 Results
Exhibit 99.1 UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2026 RESULTS; PROVIDES INITIAL FISCAL 2027 OUTLOOK BALTIMORE, May 12, 2026 – Under Armour, Inc. (NYSE: UAA, UA) today announced unaudited financial results for the fourth quarter and full-year fiscal 2026, which ended March 31, 20
Slide 6: Fourth Quarter and Full Year Fiscal 2026 Review
• Net loss was $43 million. Adjusted net loss was $11 million, which excludes transformation and restructuring charges. • Diluted loss per share was $0.10; adjusted diluted loss per share was $0.03. • Inventory decreased 3 percent to $915 million. • Liquidity: Cash and cash equivalents totaled $309
Slide 7: Fiscal 2027 Outlook
Fiscal 2027 Outlook Compared with fiscal 2026, key highlights of the company’s fiscal 2027 outlook include: • Revenue is expected to decline slightly year over year, with a low single-digit decrease in North America partially offset by low single-digit growth in EMEA and Asia-Pacific. • Gross Margin
Slide 8: Non-GAAP Information, About Under Armour, Forward-Looking Statements
release. All per-share amounts are reported on a diluted basis. These supplemental non-GAAP financial measures should not be viewed in isolation; they should be considered alongside the company’s reported results prepared in accordance with GAAP. Additionally, the company’s non-GAAP financial inform
Slide 9: Forward-Looking Statements (continued)
operations of our global business; our ability to effectively market and maintain a positive brand image; our ability to successfully manage or achieve expected outcomes from significant transactions and investments; our ability to attract key talent and retain the services of our senior management
Slide 10: Condensed Consolidated Statements of Operations
UNDER ARMOUR, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in thousands, except per share amounts) Three Months Ended March 31, Year Ended March 31, % of Net % of Net % of Net % of Net 2026 Revenues 2025 Revenues 2026 Revenues 2025 Revenues Net revenues $ 1,171,161 100.0 % $ 1,18
Slide 11: Net Revenues by Segment and Distribution Channel
UNDER ARMOUR, INC. (Unaudited; in thousands) NET REVENUES BY SEGMENT Three Months Ended March 31, Year Ended March 31, 2026 2025 % Change 2026 2025 % Change North America $ 640,873 $ 689,399 (7.0)% $ 2,859,420 $ 3,105,624 (7.9)% EMEA 298,473 278,618 7.1 % 1,180,510 1,086,578 8.6 % Asia-Pacific 185,6
Slide 12: Income (Loss) from Operations by Segment
UNDER ARMOUR, INC. (Unaudited; in thousands) INCOME (LOSS) FROM OPERATIONS BY SEGMENT Three Months Ended March 31, Year Ended March 31, % of Net % of Net % of Net % of Net 2026 Revenues(1) 2025 Revenues(1) 2026 Revenues(1) 2025 Revenues(1) North America $ 77,208 12.0 % $ 100,302 14.5 % $ 442,503 15.
Slide 13: Condensed Consolidated Balance Sheets
UNDER ARMOUR, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited; in thousands) March 31, 2026 March 31, 2025 Assets Current assets Cash and cash equivalents $ 309,168 $ 501,361 Accounts receivable, net 681,861 675,822 Inventories 914,751 945,836 Restricted investments 605,396 — Prepaid expenses
Slide 14: Condensed Consolidated Statements of Cash Flows
UNDER ARMOUR, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited; in thousands) Year Ended March 31, 2026 2025 Cash flows from operating activities Net income (loss) $ (495,643) $ (201,267) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Slide 15: Constant Currency Net Revenue Growth Reconciliation
UNDER ARMOUR, INC. (Unaudited) The table below presents the reconciliation of net revenue growth (decline) calculated in accordance with GAAP to constant currency net revenue, a non-GAAP measure. For further information regarding the company's use of non-GAAP financial measures, see "Non-GAAP Financ
Slide 16: Adjusted Gross Margin and SG&A Reconciliation
UNDER ARMOUR, INC. (Unaudited; in thousands) The tables below present the reconciliation of the company's condensed consolidated statement of operations in accordance with GAAP to specific adjusted non-GAAP financial measures discussed in this press release. For further information regarding the com
Slide 17: Adjusted Net Income and Diluted EPS Reconciliation
UNDER ARMOUR, INC. (Unaudited; in thousands, except per share amounts) The table below presents the reconciliation of the company's condensed consolidated statement of operations in accordance with GAAP to specific adjusted non-GAAP financial measures discussed in this press release. For further inf
Slide 18: Outlook for Q1 and Fiscal Year 2027
UNDER ARMOUR, INC. OUTLOOK FOR THE THREE MONTHS ENDING JUNE 30, 2026 AND YEAR ENDING MARCH 31, 2027 (Unaudited; in millions, except per share amounts) The tables below reconcile the company's outlook for the first quarter and full year fiscal 2027, in accordance with GAAP, to specific adjusted non-G
Slide 19: Company-Owned & Operated Door Count
UNDER ARMOUR, INC. COMPANY-OWNED & OPERATED DOOR COUNT March 31, 2026 March 31, 2025 Factory House 184 180 Brand House 14 15 North America total doors 198 195 Factory House 188 178 Brand House 57 68 International total doors 245 246 Factory House 372 358 Brand House 71 83 Total doors 443 441