Under Armour (UA) stock jumps 11% as Q3 results exceed forecasts. Company raises annual profit outlook while navigating tariffs and business transformation with premium product focus.
Fairfax Financial now owns 22% of Under Armour stock, boosting shares 3% in premarket trading. The investment comes after the sportswear company lost Stephen Curry and saw 40% stock decline.
UBS believes Under Armour is undervalued, sees strong brand power, and expects 25% annual earnings growth over the next five years.
Under Armour (UAA) forecasts lower revenue and profit for fiscal 2026 amid weak demand and rising tariff costs. CFO David Bergman to step down, replaced by Reza Taleghani from Samsonite.
Under Armour reports Q1 FY26 results with revenue decline and net loss. Forecasts Q2 revenue below estimates due to inflation & tariffs, signaling ongoing challenges for the sportswear brand.
