Under Armour is trading at $5.69, down -4.07%, after management lowered its fiscal 2027 revenue outlook to a mid-single-digit decline from a previously expected slight decline.
- Softer demand cited in North America and Asia-Pacific
- First-quarter adjusted EPS beat expectations at $0.05, while revenue fell 3.2% to $1.10 billion
- Reuters reported the guidance cut underscored challenges reviving growth amid cautious consumer spending