The Baltimore-based sports brand is trying to mitigate the costs of the new tariffs but they are adding to the pressure on the company's turnaround efforts.

The sportswear company reported a drop in first-quarter profit and guided for steeper declines in the current quarter. It also said it expects tariff headwinds to cut its fiscal-year profit in half.

Under Armour’s fiscal second quarter outlook fell below Wall Street’s expectations, and the company again did not provide full-year outlook.