BALTIMORE — Shares of Under Armour Inc. (NYSE: UAA) rose sharply on Thursday, closing at $6.27, up 28 cents or 4.67%, as investors showed renewed confidence in the sportswear company’s ongoing turnaround efforts amid signs of stabilizing North American sales and international growth.

The Class A shares gained momentum throughout the session on solid trading volume, reflecting optimism that Under Armour is making progress in its multi-year restructuring plan under CEO Kevin Plank. In after-hours trading, the stock dipped slightly to $6.24. The move comes as the company, long struggling with declining North American revenue and inventory issues, shows early green shoots in its recovery.

Under Armour has been in turnaround mode since 2023, focusing on streamlining operations, reducing excess inventory, improving gross margins and strengthening its brand positioning in a highly competitive athletic apparel market dominated by Nike and Adidas. The stock has remained volatile but has shown resilience in recent months, climbing from lows near $5 in early 2026.

For the third quarter of fiscal 2026, ended Dec. 31, 2025, Under Armour reported revenue of $1.33 billion, down 5% year-over-year but slightly ahead of analyst expectations. Adjusted earnings per share came in at $0.09, beating estimates of a $0.02 loss. The company raised its full-year 2026 guidance, narrowing the expected revenue decline to about 4% and lifting adjusted EPS guidance to 10-11 cents from the previous 3-5 cents range. CEO Plank highlighted “clear momentum” in the transformation plan during the earnings call.

North America, still the company’s largest market, saw revenue decline 10% in the quarter to $757 million, but international sales grew 3% to $577 million, led by strong performance in Europe, the Middle East and Africa (EMEA), up 6%. Latin America posted double-digit growth, while Asia-Pacific faced headwinds.

Analysts have responded cautiously but positively. The consensus rating remains a Hold with an average 12-month price target around $6.65, suggesting modest upside from current levels. Some firms have noted improving inventory levels and better promotional discipline as positive signals.

Under Armour continues to face industry-wide challenges, including softening consumer demand for premium athletic wear, rising tariff costs on imports and intense competition. The company has been aggressively closing underperforming stores, optimizing its wholesale channel and investing in direct-to-consumer sales through its website and apps. It has also focused on innovation, launching new footwear and apparel lines while leveraging athlete endorsements, including its long-standing partnership with Stephen Curry.

The brand’s recent marketing campaigns have emphasized performance, authenticity and lifestyle positioning, aiming to reconnect with core consumers. Under Armour has also expanded its women’s and youth categories, areas where it sees significant growth potential.

Financially, the company has worked to strengthen its balance sheet. It recorded a large non-cash valuation allowance on deferred tax assets in the third quarter, contributing to a reported net loss, but adjusted metrics showed improvement. Free cash flow generation and inventory management have been key focus areas, with management targeting sustainable profitability improvements in fiscal 2027 and beyond.

The stock’s 4.67% gain on April 9 came amid broader market strength in consumer discretionary names and possible short covering. Under Armour has carried a relatively high short interest in recent months, making it susceptible to rapid moves on positive sentiment. Year-to-date through early April 2026, the shares are roughly flat but have shown periodic rallies on operational updates.

Looking ahead, investors will watch closely for the fourth-quarter and full-year fiscal 2026 results, expected in May or early June. Analysts will look for continued progress on margin expansion, North American stabilization and updates on the company’s cost-cutting initiatives, including potential further store closures and supply chain optimizations.

Under Armour operates more than 400 stores globally and sells through major retailers. Its product lineup spans performance apparel, footwear and accessories for athletes and fitness enthusiasts. The company has faced criticism in the past for over-reliance on discounting but has worked to protect brand equity with more selective promotions.

Longer-term, Under Armour aims to reach $7-8 billion in annual revenue with improved profitability. Plank, who founded the company in 1996 with a single product — a moisture-wicking T-shirt — remains heavily involved and owns a significant stake, aligning his interests with shareholders.

The athletic apparel sector remains challenging, with macroeconomic pressures such as inflation, high interest rates and cautious consumer spending affecting discretionary purchases. However, Under Armour’s strong international momentum and digital sales growth provide some buffer.

The stock trades at a forward price-to-earnings multiple that reflects expectations of recovery rather than current depressed earnings. Market capitalization stands around $2.7 billion, classifying it as a small-cap consumer stock with significant turnaround potential — or risk, depending on execution.

For investors, Under Armour represents a high-risk, high-reward play on brand revival. While challenges persist, recent quarterly beats, raised guidance and operational improvements have encouraged some value-oriented buyers. Fairfax Financial’s increased stake late last year signaled confidence from at least one prominent investor.

As Under Armour heads into the critical spring and summer selling seasons, its ability to execute on product innovation, inventory discipline and brand storytelling will determine whether the current stock momentum can be sustained. The company’s next earnings report will be a key test of whether the turnaround is truly gaining traction or if headwinds will continue to pressure performance.

Thursday’s 4.67% gain adds to a series of positive sessions, bringing the stock near recent resistance levels. Technical analysts note the shares have moved above key moving averages, potentially signaling further upside if volume remains supportive.

Under Armour has also faced corporate governance questions in the past but has strengthened its board with new independent directors possessing strong financial and retail expertise. These changes are viewed positively by some investors as supporting a potential strategic review, including possible sale or privatization scenarios, though no formal process has been announced.

The company continues to invest in sustainability initiatives, digital transformation and athlete partnerships to drive long-term growth. Its connected fitness platform and apps remain part of the ecosystem, though less emphasized than in previous years.

As of April 2026, Under Armour’s path forward involves balancing near-term profitability pressures with strategic investments for future growth. The stock’s recent performance suggests the market is giving the company some benefit of the doubt on its turnaround narrative.

With summer product launches on the horizon and potential improvements in consumer sentiment later in 2026, Under Armour could be poised for a stronger second half — provided it delivers consistent results and maintains disciplined execution.

Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.37% from last week’s reading of 6.46%. 

The average rate on a 30-year loan was 6.62% a year ago.

The average rate on the 30-year fixed mortgage fell to 6.37%, according to Freddie Mac. (Daniel Acker/Bloomberg via Getty Images)

“The decrease in rates represents a positive development for prospective homebuyers and could spark a more favorable spring homebuying season than last year,” said Sam Khater, Freddie Mac’s chief economist.

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The average rate on a 15-year fixed mortgage ticked lower to 5.74% from last week’s reading of 5.77%.

Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. Though mortgage rates are not directly affected by the Fed’s interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield hovered around 4.26% as of Thursday afternoon.

The decline in mortgage rates follows a two-week ceasefire between the U.S. and Iran, brokered with help from Pakistan, that was framed by the White House as a step toward broader negotiations. Defense officials said U.S. strikes on Iran had halted following Trump’s announcement Tuesday night.

“While the 10-year Treasury yield began to ease following the announcement of a two-week ceasefire, any relief to mortgage rates may prove short-lived – a temporary pause rather than a true turning point,” said Jiayi Xu, Realtor.com economist. “Until a more permanent resolution emerges, the fog of uncertainty is unlikely to fully lift from the housing market.”

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A real estate agent shows prospective buyers a new location. (Getty Images)

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Xu said rates could continue falling if the conflict in the Middle East moves closer toward a resolution.

“That timeline remains anyone’s guess,” she said. “In other words, mortgage rates don’t just affect monthly payments – they shape buyer confidence, seller motivation and the entire rhythm of the market, making every uptick a potential reason for hesitation during the season that matters most.”

Fox News’ Morgan Phillips contributed to this report.

Sky-high salaries are drawing new attention to one of the country’s most overlooked blue-collar jobs, and demand is surging for workers willing to scale America’s communications infrastructure.

Federal Communications Commission Chairman Brendan Carr and FOX Business’ Darren Botelho joined Stuart Varney in a FOX Business exclusive on “Varney & Co.” from atop a 2,000-foot broadcast tower in North Carolina, highlighting the workforce behind the nation’s expanding connectivity buildout and pointing to a growing need for skilled tower climbers as new projects ramp up nationwide.

The climb is part of FCC’s Build America Agenda launched in July 2025, which focuses on workforce development and easing barriers to infrastructure expansion. Carr has made similar climbs in Alabama and South Dakota, using the extreme heights to highlight what he has described as some of the toughest jobs in the country.

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Suspended high above the ground, Carr emphasized that while the work often goes unseen, it is critical to keeping Americans connected across both urban and rural communities.

“It is fun. I like the work these tower crews do,” Carr said.

A U.S. technician carries out repair work on an active 5G antenna. (Daniel Karmann/picture alliance / Getty Images)

He also underscored the critical role these crews play in keeping Americans connected.

“Most people, when they turn on their phone or their TV, they think it works on magic or pixie dust. It’s the hard work of these crews,” Carr said.

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The push to expand wireless networks and next-generation systems is accelerating demand, creating opportunities for workers without traditional four-year degrees to step into high-paying roles.

“These are good wages, and you can easily get over $100,000 once you start working on some of these big crews,” Carr said.

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With infrastructure projects expanding, Carr signaled that these roles are likely to remain in high demand as the industry continues to grow.

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Q4: 2026-04-09 Earnings Summary

EPS of $0.42 beats by $0.01

 | Revenue of $115.46M (4.20% Y/Y) beats by $1.46M

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TUCSON, Ariz. — The search for Nancy Guthrie, the 84-year-old mother of NBC’s “Today” show co-anchor Savannah Guthrie, entered its third month Thursday with no arrests, no confirmed suspect and growing uncertainty about whether the elderly woman is still alive nearly 70 days after she was abducted from her suburban Tucson home.

Authorities continue to investigate the case as a targeted kidnapping after finding drops of blood on the front porch and signs of forced entry at Guthrie’s residence in the Catalina Foothills area. Pima County Sheriff Chris Nanos has said investigators believe they know the motive behind the abduction but have not publicly identified a suspect or confirmed whether Nancy Guthrie remains alive.

Guthrie was last seen around 9:48 p.m. on Jan. 31 after family members dropped her off following dinner and games. She failed to appear at church the next morning, prompting relatives to check on her. Evidence at the scene led authorities to conclude she had been taken against her will early on Feb. 1. A masked, armed figure captured on surveillance footage approaching her door that night has become a focal point of the investigation, though no identification has been made.

The high-profile case has drawn national attention, in part because of Savannah Guthrie’s prominent role on morning television. The family has offered a reward of up to $1 million for information leading to Nancy Guthrie’s recovery, supplementing an earlier $50,000 reward from the FBI. Savannah Guthrie returned to the “Today” show anchor desk on April 6 for the first time since the abduction, describing it as “good to be home” while expressing ongoing anguish over her mother’s fate.

In recent weeks, media outlets including TMZ reported receiving additional ransom-style notes demanding Bitcoin in exchange for information about Guthrie’s whereabouts or the alleged kidnapper. One recent note reportedly claimed knowledge of her location in Mexico’s Sonora state before shifting to suggest she may no longer be alive. Authorities have not confirmed the authenticity of the notes, and experts caution they could be hoaxes or opportunistic attempts to exploit the case. Similar communications surfaced earlier in the investigation.

Sheriff Nanos has described the abduction as targeted and said the suspect could “absolutely” strike again. He has cleared all immediate family members, including Savannah Guthrie and her siblings, as persons of interest. The investigation has involved the FBI, extensive neighborhood canvassing, aerial searches and analysis of surveillance footage from Guthrie’s home and nearby properties. Additional images recovered from cameras in recent weeks yielded no significant new leads, according to law enforcement sources.

Nancy Guthrie, who had limited mobility and required daily medication including for a pacemaker, was described by family and authorities as unlikely to have wandered away on her own. Some investigators and outside experts have theorized that kidnappers may have underestimated her fragile health, potentially leading to a medical emergency while in captivity. Retired detectives have suggested that if she suffered complications, the abductors might have disposed of her body when she was no longer useful for ransom purposes.

The case has generated tens of thousands of tips, but progress has slowed as weeks turn into months. A person detained along with his mother in an earlier SWAT operation was released without charges and has publicly denied any involvement. Gloves found near the home and tire tracks have been examined, but no breakthroughs have been announced.

Savannah Guthrie has spoken emotionally about the ordeal, including in a tearful interview where she questioned whether her celebrity status might have made her mother a target. In an Easter message released in early April, she reflected on themes of hope, resurrection and the pain of uncertainty, asking for continued prayers and tips from the public. She has urged anyone with information to contact authorities anonymously.

The abduction has spotlighted the challenges of investigating crimes against elderly victims, especially when initial evidence points to foul play but physical traces fade quickly. Experts note that stranger abductions of seniors are statistically rare, often involving family or acquaintances, yet this case appears to deviate from typical patterns. The presence of ransom demands and the masked figure on camera have fueled speculation of a financially motivated plot, possibly by someone familiar with the family’s public profile.

Pima County authorities have faced some criticism over the pace of the investigation, including questions about early handling of the scene and resource allocation. A recall effort against Sheriff Nanos has been mentioned in local discussions, though it remains unclear how much traction it has gained. The sheriff’s office has defended its work, emphasizing collaboration with federal agencies and the volume of tips processed.

As the search continues, focus has shifted toward possible secondary locations where Guthrie might have been held. Blood evidence and mixed DNA samples recovered from the home are still being analyzed as part of a complex “biological puzzle.” Authorities have asked neighbors to review and share any additional security camera footage from the night of the disappearance.

Nancy Guthrie’s disappearance has resonated deeply with the public, drawing parallels to other high-profile missing persons cases while highlighting the unique pain of prolonged uncertainty for families. Thousands of people go missing in the U.S. each year, but cases involving elderly victims with limited mobility and connections to public figures often sustain intense media scrutiny.

The Guthrie family has expressed gratitude for public support, including yellow ribbons and signs of encouragement shown to Savannah upon her return to the “Today” show plaza. Savannah has balanced her professional duties with private grief, at times apologizing to relatives for wondering aloud if her fame played a role.

No timeline has been given for when major updates might emerge. Investigators continue to pursue leads, including analysis of Bitcoin-related communications and potential cross-border angles if Mexico connections prove credible. The FBI maintains an active page with details on the case and contact information for tips.

For now, the investigation remains open and active, with authorities urging anyone who may have seen something unusual in the Catalina Foothills neighborhood in late January or early February to come forward. Tips can be submitted to the Pima County Sheriff’s Department or the FBI tip line.

Nancy Guthrie, a mother of three including Savannah, was known as an active churchgoer and family-oriented woman in her Tucson-area community. Her abduction has left a void felt not only by her loved ones but by viewers who have followed Savannah Guthrie’s career for years.

Whether the latest ransom notes provide genuine clues or amount to distractions, they underscore the bizarre elements that have marked this case from the start. As day 69 approaches with no resolution, the hope for Nancy Guthrie’s safe return persists alongside the grim possibility that the investigation could shift toward recovery and justice for a crime that has gripped the nation.