Can Under Armour revive growth after Q1 FY27 revenue decline?

American sportswear company Under Armour reported a 3 per cent YoY decline in Q1 FY27 revenue to $1.1 billion, as weaker North American and Asian demand weighed on sales.
The gross margin expanded 590 bps to 54.1 per cent, while net income stood at $1 million.
The company lowered its FY27 revenue outlook to a mid-single-digit decline amid softer demand globally.