Under Armour Inc Class C

UA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Under Armour Earnings: Plans Taking Shape but Turnaround Not Imminent; Shares Very Undervalued

David Swartz

Nov 7, 2025

Under Armour's fiscal 2026 second-quarter sales fell 5% with an 8% decline in North America (59% of total sales). Its adjusted operating margin fell more than 5 percentage points to 4% on higher tariff and supply chain costs and the shift of some marketing expenses from the third quarter.

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Under Armour Inc Class C

Under Armour Earnings: Plans Taking Shape but Turnaround Not Imminent; Shares Very Undervalued

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