Under Armour is trading 5.6% down at $5.36 after management lowered its fiscal 2027 revenue outlook to a mid-single-digit decline from a previously expected slight decline.
- Management cited softer demand in North America and Asia-Pacific; first-quarter revenue fell 3% to $1.1 billion and slightly missed estimates.
- Shares closed at $5.68 on August 10 and $5.93 on August 7, extending recent weakness.