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Under Armour (UAA) guidance and outlook
Under Armour (UAA) raised some and lowered other parts of its guidance on Nov 6, 2026: Gross margin +170 bps to +220 bps for FY2027; Operating income $99.0M–$119M for FY2027; Operating income $140M–$160M for FY2027; EPS $0.02 for FY2027. Under Armour's 10-Q filed Nov 6, 2026 makes 8 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Gross margin | FY2027 | +170 bps to +220 bps | lowered |
| Operating income | FY2027 | $99.0M–$119M | raised |
| Operating income | FY2027 | $140M–$160M | reaffirmed |
| EPS | FY2027 | $0.02 | lowered |
| EPS | FY2027 | $0.08–$0.12 | reaffirmed |
| Operating income | FY2027 | −$30.0M | lowered |
| EPS | FY2027 | −$0.03 | raised |
From the earnings release filed Nov 6, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- • our ability to accurately forecast consumer shopping and engagement preferences and consumer demand for our products and manage our inventory in response to changing demands;
- • our ability to successfully execute any restructuring plans and realize their expected benefits;
- • our ability to successfully manage or realize expected results from significant transactions and investments;
- • our ability to accurately anticipate and respond to seasonal or quarterly fluctuations in our operating results;
- In general, as a percentage of net revenues, we expect cost of goods sold associated with our apparel and accessories to be lower than that of our footwear.
- Interest income (expense), net includes interest income earned on our cash and cash equivalents and restricted investments, amortization of deferred financing costs, bank fees, capitalized interest for long-term property and equipment projects and interest expense under the credit and other long-term debt facilities.
- The decrease in our effective tax rate was primarily driven by period over period changes in actual and forecasted pre-tax earnings and the reduced impact of global minimum taxes.
- We will also pay a commitment fee determined in accordance with the pricing grid on the average daily unused amount of the revolving credit facility and certain fees with respect to letters of credit.
Under Armour's latest quarter
Under Armour, Q2 FY27: revenue $1.2B (-7% year over year), operating margin 1.2%, net loss $425K, operating cash flow −$89.1M. The chart follows the revenue to costs, profit and cash.
Questions
Did Under Armour raise or lower its guidance?
Under Armour (UAA) raised some and lowered other parts of its guidance on Nov 6, 2026: Gross margin +170 bps to +220 bps for FY2027; Operating income $99.0M–$119M for FY2027; Operating income $140M–$160M for FY2027; EPS $0.02 for FY2027.
What does Under Armour expect?
• our ability to accurately forecast consumer shopping and engagement preferences and consumer demand for our products and manage our inventory in response to changing demands; • our ability to successfully execute any restructuring plans and realize their expected benefits; • our ability to successfully manage or realize expected results from significant transactions and investments;
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.