The Baltimore-based sports brand Under Armour also raised its outlook for fiscal 2026.
per share of 9 cents, surpassing analyst expectations of a 2-cent loss. It also reported an operating loss of $150 million. Excluding litigation reserve expense and transformation and restructuring charges, adjusted operating income was $26 million.
Sales fell 5 percent to $1.33 billion, slightly above analyst projections of $1.31 billion.The Estée Lauder Cos.' Sales Rise 6 Percent to $4.2 Billion in Q2, but Stock Closed Down Almost 20% By region, North America, the company’s largest market, continued to struggle, with a sales decline of 10 percent to $757 million. International revenue, led by Latin America and the EMEA, increased 3 percent to $577 million. Latin America sales were up 20 percent in the period and the EMEA was up 6 percent. Asia-Pacific sales, however, declined 5 percent.Wholesale revenues were also down, dropping 6 percent to $660 million. Direct-to-consumer sales dipped 4 percent overall to $647 million withBy category, apparel revenue decreased 3 percent to $934 million, footwear declined 12 percent to $265 million, and accessories decreased 3 percent to $108 million. Despite the continued struggles, Under Armour founder and chief executive officer Kevin Plank remained optimistic: “Our third quarter adjusted operating results exceeded expectations, and despite a few unfortunate, non-recurring impacts, we’re encouraged by the progress we’re making in the business to reignite brand momentum,” he said. “In North America, we believe the December quarter marked the most challenging phase of our business reset, and we expect greater stability ahead as we build on this progress globally.” Plank continued, “Our transformation is accelerating as we sharpen our focus and strengthen execution. Our strategy is gaining traction through better products, bolder storytelling, and a more disciplined market presence, positioning Under Armour to operate with greater intention and confidence going forward.” In May 2024, Under Armour unveiled a restructuring plan to improve financial and operational efficiency. The plan, which has been updated since then, is now expected to cost up to $255 million, including up to $107 million in cash charges and up to $148 million in non-cash charges. Through the end of the third quarter of fiscal 2026, the company recorded $178 million in restructuring and impairment charges and $47 million in other transformation-related expenses. Of the $224 million incurred to date, $89 million is cash-related and $135 million is non-cash. The company expects to recognize the remaining charges under the updated plan by the end of fiscal 2026.per share of 10 cents to 11 cents, compared to its prior outlook of 3 cents to five cents and above analyst expectations of 5 cents. Revenue is now expected to decline about 4 percent, compared to the prior outlook of a 4 to 5 percent decline. This includes an approximate 8 percent decline in North America and a 6 percent decline in Asia-Pacific, each compared with a previously expected high-single-digit decline, partially offset by an approximate 9 percent increase in EMEA revenue, compared with a previously expected high-single-digit increase. The operating loss is expected to be about $154 million, compared with the prior outlook of a $56 million to $71 million loss. Excluding the litigation reserve expense and expected transformation and restructuring charges, adjusted operating income is expected to be about $110 million, compared with the prior outlook of $95 million to $110 million.Newest Air Jordan Takes Page From Michael Jordan's First Championship…Chappell Roan Revives Mugler's 1998 'Nipple Ring' Dress on the…. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the GoogleWWD and Women's Wear Daily are part of Penske Media Corporation. © 2026 Fairchild Publishing, LLC. All Rights Reserved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Try, Try Again: The Dreamy Synth Beats of mon cherMeghan Holton's indie electronic project is coming to the Skylark on February 7 with an evolved sound and a new band member.
Read more »
Bracket Projections for Michigan Basketball Following Big Wins Over Nebraska, MSUCan Michigan earn a No. 1 seed in the NCAA Tournament come Selection Sunday?
Read more »
AEW Dynamite Results (2/4/26): Brody King Defeats MJF, Andrade Beats Kenny OmegaA full rundown of results and highlights from this week's episode of AEW Dynamite featuring MJF vs. Brody King in an AEW World Championship Eliminator Match.
Read more »
Dai Dai Ames scores career-high 29, Cal beats Georgia Tech after blowing 15-point lead- Dai Dai Ames scored a career-high 29 points on 9-of-13 shooting and California blew a double-digit lead on Wednesday before the Golden Bears beat Georgia Tech 90-85.
Read more »
Kayshon Boutte Odds, Predictions & Projections for Super Bowl 60Free Super Bowl 60 picks and Seahawks vs. Patriots predictions for Kayshon Boutte on Sunday, February 8.
Read more »
Scream 7's Early Box Office Projections On Track For Major Record In The Slasher FranchiseEarly box office projections for Scream 7 indicate it will beat a major record for the horror franchise across its 30-year history.
Read more »