Filing Flows › Under Armour (UAA) › Q1 FY27 › vs Q1 FY26
Under Armour (UAA) Q1 FY27 vs Q1 FY26 (year over year)
Under Armour's revenue fell $36.1M (-3%) from $1.1B in Q1 FY26 to $1.1B in Q1 FY27. The biggest changes: Net sales −$37.5M (-3%); License revenues +$444K (+2%). Gross margin 54.1% against 48.2% (+5.9 pts).
Under Armour, Q1 FY27: revenue $1.1B (-3% year over year), operating margin 4.3%, net earnings $545K, operating cash flow $109M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 54.1% | 48.2% | +5.9 pts |
| Operating margin | 4.3% | 0.3% | +4.0 pts |
| Net margin | 0.0% | -0.2% | +0.3 pts |
| Free cash flow margin | 8.6% | 1.2% | +7.4 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Apparel | $734M | $747M | −$12.6M | -2% |
| Footwear | $245M | $266M | −$20.6M | -8% |
| Accessories | $95.7M | $100M | −$4.4M | -4% |
| Net sales | $1.1B | $1.1B | −$37.5M | -3% |
| License revenues | $24.8M | $24.4M | $444K | +2% |
| Revenue | $1.1B | $1.1B | −$36.1M | -3% |
| Gross profit | $594M | $546M | $47.3M | +9% |
| Cost of revenue | $504M | $588M | −$83.5M | -14% |
| Operating profit | $46.7M | $3.3M | $43.4M | 14× |
| Operating expenses | $547M | $543M | $3.9M | +0.7% |
| Pre-tax earnings | $28.9M | −$5.3M | $34.1M | — |
| Other expense, net | $17.9M | $8.6M | $9.3M | +108% |
| SG&A | $543M | $530M | $12.7M | +2% |
| Other operating costs | $4.0M | $12.8M | −$8.8M | -69% |
| Net earnings | $545K | −$2.6M | $3.2M | — |
| Income tax | $28.3M | −$2.7M | $31.0M | — |
| Depreciation | $25.4M | $29.0M | −$3.6M | -12% |
| Share-based compensation | $11.3M | $12.2M | −$909K | -7% |
| Working capital & other | $71.9M | $10.3M | $61.6M | +600% |
| Operating cash flow | $109M | $48.9M | $60.3M | +123% |
| Free cash flow (OCF − capex) | $94.5M | $13.5M | $81.0M | +601% |
| Capital expenditures | $14.6M | $35.4M | −$20.8M | -59% |
Questions
How much did Under Armour's revenue grow year over year in Q1 FY27?
Under Armour's revenue fell $36.1M (-3%) from $1.1B in Q1 FY26 to $1.1B in Q1 FY27.
What drove Under Armour's revenue change in Q1 FY27?
Net sales −$37.5M (-3%); License revenues +$444K (+2%).