Under Armour reported first-quarter fiscal 2027 results for the period ended June 30, 2026. Revenue decreased 3 percent to $1.1 billion, driven by a 9 percent decline in North America and an 8 percent drop in footwear sales. Gross margin expanded 590 basis points to 54.1 percent due to tariff cost recoveries, while operating income reached $47 million and adjusted diluted EPS was $0.05. The company updated its full-year outlook, revising revenue expectations to a mid-single-digit decline from the prior low-single-digit forecast, citing softer demand in North America and Asia-Pacific. Operating income guidance remains unchanged at $96 million to $116 million, with adjusted diluted EPS expected between $0.08 and $0.12. Under Armour operates in the athletic apparel, footwear, and accessories industry.