Under Armour 的 2026 财年第四季度 (Q4 FY26), 净亏损为 24.43 亿%,2026 财年 (FY26) 净亏损为 244.96 亿%,因为其目标是"重置" 业务。
Under Armour recorded a net loss of $43m for the fourth quarter of fiscal 2026 (Q4 FY26), and a net loss of $496m for fiscal 2026 (FY26) as it aims to "reset" the business.
Under Armour FY26, 第 4 季度的净亏损为 24.43 亿%,而上年同期净亏损为 24.67 亿%。
Under Armour recorded a net loss of $43m for Q4 FY26, compared with a net loss of $67m in the same quarter of the previous year.
Under Armour 总裁兼首席执行官凯文·普兰克 (Kevin Plank) 表示: “我们 2026 财年的业绩反映了我们’正在采取的持续有意步骤,以重置业务并恢复作为一流品牌运营所需的纪律。”
Under Armour president and CEO Kevin Plank said: “Our fiscal 2026 performance reflects the ongoing intentional steps we’re taking to reset the business and restore the discipline required to operate as a best-in-class brand.”
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第四季度亏损收窄
Losses narrow in Q4
Under Armour的 2026 财年第 4 季度收入同比下降 1% 至 $12 亿,,与去年同期收入持平。北美收入下降 7% 至 $641m,,低于去年同期的 $689m。
Under Armour的 revenue for Q4 FY26 declined 1% year-on-year to $1.2bn, matching the revenue of the prior-year quarter. North America revenue fell 7% to $641m, down from $689m in the same period a year earlier.
国际收入增长 10%,达到 $5.39 亿,,而 2025 财年第四季度为 $4.89 亿。在国际市场中,欧洲, 中东和非洲 (EMEA) 收入增长 7%,,亚太地区增长 13%,,拉丁美洲增长 22%。
International revenue rose 10% to $539m, compared to $489m in the fourth quarter of fiscal 2025. Within international markets, revenue in Europe, Middle East and Africa (EMEA) increased 7%, Asia-Pacific grew 13%, and Latin America was up 22%.
批发收入为 $748m,,下降 3%,,而直接面向消费者的 (DTC) 收入增长 5%,达到 $406m。自营商店收入增长 8%,电子商务收入持平,,占本季度 DTC 总收入的 35%。
Wholesale revenue was $748m, a decline of 3%, while direct-to-consumer (DTC) revenue increased 5% to $406m. Owned-and-operated store revenue grew 8% and eCommerce revenue was flat, accounting for 35% of total DTC revenue in the quarter.
按类别, 服装收入持平,为 $778m, 鞋类收入保持不变,为 $282m,,配饰增长 2% 至 $94m。
By category, apparel revenue was flat at $778m, footwear was unchanged at $282m, and accessories increased 2% to $94m.
本季度毛利率下降 470 个基点,至 42.0%,,而去年同期毛利率为 46.7%。 Under Armour 表示,这一下降主要是由于“ 关税提高, 以及产品成本提高, 定价逆风, 以及不利的区域组合”。
Gross margin for the quarter declined 470 basis points to 42.0%, compared to 46.7% in the prior-year period. Under Armour said this decline was primarily caused by “higher tariffs, as well as higher product costs, pricing headwinds, and unfavorable regional mix”.
销售, 一般及管理费用下降 15% 至 $518m,,而去年同期为 $607m。
Selling, general and administrative expenses decreased 15% to $518m, against $607m a year earlier.
Under Armour 报告称,2026 年第四季度的运营亏损为 $.34 亿,,而 2025 年第四季度的运营亏损为 $.72 亿。第四季度调整后的运营收入为 %2.43 亿,,而去年同期调整后的运营亏损为 $.36 亿。
Under Armour reported an operating loss of $34m for Q4 2026, versus an operating loss of $72m in the Q4 2025. Adjusted operating income for Q4 was $3m, compared to an adjusted operating loss of $36m in the same period last year.
季末库存总计 $915m,,较 2025 财年第四季度末的 $946m 减少 3%。现金和现金等价物为 $309m,,较上年同期的 $501m 减少。
Inventory at quarter-end totalled $915m, a 3% decrease from $946m at the end of the fourth quarter of fiscal 2025. Cash and cash equivalents stood at $309m, down from $501m a year earlier.
2025 财年净亏损总计 $4.96 亿
FY25 net losses total $496m
Under Armour 报告全年净亏损 $96m,,而 2025 财年净亏损为 $201m。
For the full year, Under Armour reported a net loss of $496m, compared with a net loss of $201m in fiscal 2025.
调整后净利润为 $50m,,较 2025 财年的 $135m, 下降,而收入较上一年的 $52 亿下降 4%,至 $50 亿,。调整后营业收入从上一年的 $198m 下降至 $107m,。
Adjusted net income was $50m, a decrease from $135m in fiscal 2025, while revenue declined 4% to $5.0bn, compared to $5.2bn in the prior year. Adjusted operating income fell to $107m, down from $198m in the previous year.
26, 财年服装收入下降 2% 至 2,434 亿%,而鞋类收入下降 11% 至 2,411 亿%。
For FY26, apparel revenue decreased 2% to $3.4bn while footwear revenue declined 11% to $1.1bn.
展望 2027, 财年,该公司预计收入将同比小幅下降,,其中北美地区的低个位数下降部分被欧洲、中东和非洲和亚太地区的低个位数增长所抵消。
Looking ahead to fiscal 2027, the company expects revenue to decline slightly year-on-year, with a low single-digit decrease in North America partially offset by low single-digit growth in EMEA and Asia-Pacific.
Under Armour 表示已延长 2025 财年重组计划,,将计划总成本增加至约 $305m,,预计于 2026 年 12 月 31 日完成。
Under Armour says it has extended its Fiscal 2025 Restructuring Plan, increasing total programme costs to approximately $305m, with completion expected by 31 December 2026.
该公司表示,预计将从 IEEPA 关税费用 , 退款中受益 $.70 亿,尽管它补充说,预计 “ 的 $.35 亿来自中东冲突” 的逆风。
The company says it expects to benefit from $70m in refunded IEEPA tariff expenses, although it added that it expects $35m of “headwinds from the conflict in the Middle East”.
首席执行官普朗克补充道: “随着我们的营收在 2027 财年稳定,,我们正在采用与增强产品引擎相同的严格性来增强我们的讲故事能力。”
CEO Plank added: “As our topline stabilises in fiscal 2027, we are applying the same rigor that is strengthening our product engine to our storytelling capabilities.”
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