Under Armour Inc Class C

UA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Under Armour Earnings: Turnaround Efforts Continue, but Demand Outlook Dims; Shares Undervalued

David Swartz

Aug 7, 2026

Under Armour's first-quarter sales fell 3%, with a 9% decrease in North America (55% of sales) and a 5% international increase. Although gross margin increased nearly 6 percentage points to 54.1% and adjusted operating margin rose to 4.8% from 2.2%, these gains were mainly due to a tariff refund.

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Under Armour Inc Class C

Under Armour Earnings: Turnaround Efforts Continue, but Demand Outlook Dims; Shares Undervalued

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