11:56 AM EDT, 05/13/2025 (MT Newswires) -- Under Armour's ( UAA ) fiscal fourth-quarter revenue dropped less than projected, while the sportswear company issued an upbeat earnings outlook for the ongoing three-month period.

Revenue fell 11% year on year to $1.18 billion for the March quarter, but came in above the consensus estimate on FactSet of $1.17 billion. The company reported an adjusted loss of $0.08 per share, in line with analysts' view.

For the June quarter, Under Armour ( UAA ) expects adjusted per-share earnings of $0.01 to $0.03. Analysts expected a break-even point, compared with $0.01 EPS a year earlier. Sales are seen falling 4% to 5% amid weakness in both North America and the Asia-Pacific region.

The company didn't to issue a full-year guidance.

Tariffs create significant uncertainty around consumer demand and product costs, and "we believe limiting our outlook to the first quarter of fiscal 2026 is prudent," Chief Financial Officer David Bergman said at an earnings call, according to a FactSet transcript.

Some 30% of the company's volume is sourced from Vietnam, 20% from Jordan and 15% from Indonesia, Bergman told analysts. The remaining quantity is diversified across countries, he added.

"Changes in tariff policy are not expected to significantly impact our first-quarter" margins, according to Bergman.

The US and China have agreed to suspend most tariffs on each other's goods following their talks in Switzerland over the weekend. The two sides had been in a trade war since President Donald Trump's announcement of reciprocal tariffs on April 2. Trump previously paused certain levies on non-retaliating countries.

Under Armour's ( UAA ) full-year revenue declined 9% to $5.16 billion, surpassing the $5.15 billion consensus estimate. Adjusted EPS for the year was $0.31, in line with analysts' expectation.

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