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Under Armour posts $43.4M loss as tariffs hit margins

economy-finance · 2026-05-12

Under Armour reported a net loss of $43.4 million for its most recent quarter, with revenue declining amid ongoing tariff pressures. The Baltimore-based athletic-gear maker also warned that fiscal 2027 revenue would decline again, signaling continued headwinds from trade policies and shifting consumer demand. The quarterly loss contrasts with a year-ago profit, as the company grapples with higher input costs and a challenging retail environment. Under Armour's leadership has been implementing restructuring measures to streamline operations, but the financial results underscore the persistent impact of tariffs on margins. The company's shares fell in after-hours trading following the announcement.

Key facts

  • Under Armour lost $43.4 million in the quarter
  • Revenue declined in the quarter
  • Fiscal 2027 revenue is expected to decline again
  • Tariffs are squeezing margins
  • The company is based in Baltimore
  • Quarterly loss contrasts with year-ago profit
  • Shares fell in after-hours trading
  • Restructuring measures are underway

Entities

Institutions

  • Under Armour

Locations

  • Baltimore
  • United States

Sources