Under Armour Shares Slide As Weak Holiday-Quarter Forecast Raises Turnaround Concerns - Under Armour…
Benzinga · Neeraj Jain ·
Under Armour beat Q2 revenue estimates, but sales and profits fell. Weak outlook, margin pressure and restructuring costs weighed on shares.
Under Armour, Inc. (NYSE:UAA) stock traded lower Friday after the apparel maker reported second-quarter fiscal 2027 results and issued a disappointing third-quarter outlook.
Despite beating revenue expectations, investors weighed continued sales declines, weakness in North America and a weaker-than-expected holiday-quarter earnings forecast.
Management emphasized headwinds related to the Middle East conflict and unfavorable foreign exchange impacts.
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