Under Armour Inc A

PVH shares fell 18.3% after its first-quarter results, even though the company beat revenue and earnings estimates. PVH reported revenues of $2.03 billion, up 2.1% year on year and 1.5% above analyst consensus, with next-quarter EPS guidance also exceeding expectations. The broader consumer discretionary apparel and accessories group, comprising 15 tracked stocks, beat revenue estimates by 1.4% on average and saw share prices rise 5.9% since reporting. Among peers, Ralph Lauren surged 17.9% on a 16.6% revenue jump, while Figs tumbled 36.1% despite a 28% revenue increase. Under Armour, the weakest performer, posted flat revenues of $1.17 billion and missed full-year EPS guidance, yet its stock rose 19.9%.

Under Armour shares rose 2.6% in afternoon trading after the company announced a new partnership with fashion brand Feng Chen Wang as part of its strategy to grow its womenswear business. The long-term creative relationship is tied to Under Armour's Rebel Daughter womenswear initiative and marks the first time the company has partnered with a Chinese designer for commercially sold products. The new line is set to launch in the fourth quarter of 2026. The move appears aimed at strengthening Under Armour's position in the Asia-Pacific region, its second-largest international market, which accounted for about a third of the company's total international revenue in 2026 and saw a 13% increase in revenue during the fourth quarter. After the initial pop, the shares cooled down to $6.53, up 2.1% from the previous close.

The Supreme Court's decision to strike down President Trump's Liberation Day tariffs is emerging as a market tailwind that few are discussing, with the Treasury Department already refunding $22 billion in May out of an estimated $166 billion owed. Wells Fargo analyst Ohsung Kwon notes that around 40 companies, including Apple, Caterpillar, Dollar Tree, and Tesla, discussed refunds in the first quarter, though only eight such as Ford, General Motors, and Under Armour recognized them as a benefit. Ken Mahoney of Mahoney Asset Management sees the repayments as a legitimate earnings boost that could lead to positive estimate revisions and earnings beats, while others like Bob Lang and Giuseppe Sette view them as a one-time event unlikely to move markets meaningfully. Bloomberg Intelligence highlights an earnings-quality test as companies handle refunds differently, with Capri Holdings lifting gross profit by $40 million while Steven Madden excluded the benefit from adjusted results. Kwon expects the refunds to broaden the market and potentially fund capital expenditures, buybacks, or dividends in the second half of the year.

Stellantis is partnering with Pony AI and Bolt on an autonomous mobility pilot in Luxembourg, while its Dodge brand has launched a collaboration with Under Armour linking performance vehicles to athletic and lifestyle apparel. A former senior software executive has also outlined identity risks for luxury automakers as EVs and AI reshape vehicle design, sales, and experience. These moves place Stellantis at the center of debates on autonomous services, brand equity, and software-driven identity. The Luxembourg pilot signals a preference for external technology and mobility partnerships over in-house development. For investors, the developments provide context on how Stellantis positions its brands and software capabilities across robotaxis and lifestyle collaborations, with identity and pricing power remaining key questions as EV and AI features become more common.

IMG Academy has announced a new partnership with Aetrex, making Aetrex the Official Foot Scanning Technology and Athletic Insole Partner of the world's leading sports education brand. As part of the collaboration, IMG Academy will install five Aetrex Albert Pro 3D foot scanners across its Bradenton, Florida campus and provide complimentary Aetrex athletic insoles to every student-athlete arriving this fall. The advanced scanning technology captures precise measurements including arch type, pressure distribution, and gait patterns to create individualized support solutions. The partnership also integrates with IMG Academy's existing relationship with Under Armour, leveraging the Aetrex FitAI platform to deliver footwear recommendations tailored to each student-athlete's foot profile and sport-specific demands.