Under Armour up on smaller decline in sales than expected

Shares of sportswear maker Under Armour UAA.N up ~5% at $6.58 premarket

Co posts a smaller-than-expected drop in Q3 sales, helped by its turnaround efforts and steady demand during the holiday season

Reports 5% decline at $1.33 billion in quarterly revenue, compared to analysts' estimate of 6.3% drop to $1.31 billion, according to data compiled by LSEG

Also, logs a surprise adjusted profit of 9 cents per share vs expectations of 2 cents loss

Expects FY2026 adjusted EPS in the range of 10 cents to 11 cents vs its prior target of 3 cents to 5 cent-profit.

"In North America, we believe the December quarter marked the most challenging phase of our business reset, and we expect greater stability ahead as we build on this progress globally" CEO Kevin Plank says

Shares down ~40% in 2025