Under Armour reports better-than-expected Q1 earnings despite sales drop, projects further Q2 decline.

Under Armour reported better-than-expected Q1 2025 earnings despite a 11.4% year-over-year drop in sales to $1.18 billion. The company projects a 4-5% revenue decline for Q2. Telsey Advisory Group maintains a "Market Perform" rating with a $7.00 price target, suggesting a 12.99% upside. Under Armour's efforts to improve full-price sales and streamline products have led to a gross margin increase, but tariffs and economic concerns continue to impact sales.