Under Armour, Inc. announced its fourth-quarter fiscal 2025 results, with net revenues decreasing 11.4% to $1.181 billion compared to $1.332 billion in the prior year. The company reported a net loss of $67.5 million, or $(0.16) diluted EPS, for the quarter ended March 31, 2025.
For the full fiscal year 2025, total net revenues declined 9.4% to $5.164 billion from $5.702 billion in fiscal 2024. Despite the revenue decline, gross margin expanded by 180 basis points to 47.9%, driven by favorable supply chain benefits and reduced discounting in the direct-to-consumer channel.
However, the company reported a full-year operating loss of $185.2 million and a net loss of $201.3 million, or $(0.47) diluted EPS. Under Armour repurchased $90 million of Class C common stock, totaling 12.8 million shares, under its $500 million program by year-end.
For the first quarter of fiscal 2026, Under Armour expects revenue to decline by 4% to 5% year-over-year, with gross margin anticipated to expand by 40 to 60 basis points. The company provided a cautious outlook, limiting guidance to only the first quarter due to significant uncertainty surrounding potential tariffs and their impact on consumer demand and product costs.
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