Revenue Performance - Total net revenues decreased by 5.2%, with wholesale revenue down 6.4% and direct-to-consumer revenue down 3.9%[165] - Apparel revenue decreased by 3.3%, footwear revenue decreased by 12.0%, and accessories revenue decreased by 2.5%[165] - Net revenue decreased by 10.3% in North America, while it increased by 6.0% in EMEA, decreased by 5.1% in Asia-Pacific, and increased by 19.7% in Latin America[165] - Net revenues for the three months ended December 31, 2025, decreased by $73.3 million, or 5.2%, to $1.3 billion compared to $1.4 billion in the same period of 2024[172] - Net sales decreased by $70.9 million, or 5.1%, to $1.3 billion during the three months ended December 31, 2025, primarily due to lower average selling prices and lower unit sales in apparel and footwear[174] - Total net revenues for the nine months ended December 31, 2025, decreased by $188.5 million, or 4.7%, to $3.8 billion compared to $4.0 billion in the same period of 2024[172] - North America net revenues decreased by $86.9 million or 10.3% during the three months ended December 31, 2025[202] - EMEA net revenues increased by $17.9 million or 6.0% during the three months ended December 31, 2025[204] - Latin America net revenues increased by $11.6 million or 19.7% during the three months ended December 31, 2025[208] - Corporate Other net revenues decreased by $5.6 million during the three months ended December 31, 2025, primarily due to foreign currency hedge losses[210] Financial Metrics - Gross margin decreased by 310 basis points to 44.4%[165] - Gross profit decreased by $75.4 million to $589.7 million during the three months ended December 31, 2025, with a gross margin decline to 44.4% from 47.5%[180] - Gross profit for the nine months ended December 31, 2025, decreased by $157.1 million to $1.8 billion, with a gross margin decline to 46.6% from 48.3%[181] - Cost of goods sold for the three months ended December 31, 2025, was $738.0 million, representing 55.6% of net revenues, compared to 52.5% in the same period of 2024[171] Expenses and Charges - Selling, general and administrative expenses increased by 4.2%[165] - Selling, general and administrative expenses increased by $26.8 million, or 4.2%, during the three months ended December 31, 2025, resulting in an increase to 50.0% of net revenues[185] - Restructuring charges for the three months ended December 31, 2025, amounted to $74.98 million, significantly higher than $13.95 million in the same period of 2024[186] - Marketing and advertising costs decreased by $20.2 million or 12.6%, representing 10.5% of net revenues compared to 11.4% in the previous period[187] - Other costs increased by $47.0 million or 9.8%, rising to 39.5% of net revenues from 34.1%[187] - Restructuring charges increased by $61.0 million during the three months ended December 31, 2025, a 437.7% increase compared to the same period in 2024[188] Income and Loss - Net income loss for the three months ended December 31, 2025, was $430.8 million, a decline from a net income of $1.2 million in the same period of 2024[171] - Total operating income (loss) for the three months ended December 31, 2025, was $(149.8) million, a decrease of $163.3 million compared to the previous year[211] Restructuring and Future Plans - The 2025 restructuring plan includes up to $255 million in pre-tax charges, with $107 million in cash-related charges and $148 million in non-cash charges[163] - The restructuring plan is expected to be substantially complete by the end of Fiscal 2026[163] - The company plans to enhance consumer engagement through a digital strategy aimed at long-term growth[162] Economic and Market Factors - Estimated negative impact of approximately $80 million to cost of goods sold in Fiscal 2026 due to increased tariffs, expected to impact gross profit by approximately 160 basis points[167] - The company is actively monitoring macroeconomic factors, including inflation and foreign currency fluctuations, which may impact financial results[168] Cash Flow and Liquidity - Cash and cash equivalents as of December 31, 2025, were approximately $465 million, with a recent issuance of $400 million in Senior Notes due 2030[225] - Net cash provided by operating activities increased by $114.2 million for the nine months ended December 31, 2025, primarily driven by changes in working capital[237] - The company anticipates that cash on hand and cash from operations will be adequate to meet liquidity needs for at least the next twelve months[225] - Cash flows used in investing activities increased by $574.5 million compared to the nine months ended December 31, 2024, with $601.2 million deposited into a restricted investment related to Senior Notes due 2026[238] - Total capital expenditures for the nine months ended December 31, 2025, were $72.0 million, approximately 2% of net revenues, down from $139.9 million in the same period of 2024, representing a decrease of $67.9 million[239] - Cash flows provided by financing activities increased by $514.9 million compared to the nine months ended December 31, 2024, including the issuance of $400 million of Senior Notes due 2030 and borrowing $200 million under the revolving credit facility[240] - As of December 31, 2025, no amounts were outstanding under the revolving credit facility after repaying $200 million of borrowings during the three months ended December 31, 2025[243] Debt and Credit Agreements - The amended credit agreement provides for $1.1 billion of revolving credit commitments, expiring on June 16, 2030, with a springing maturity of 91 days prior if Senior Notes due 2030 are not refinanced[242] - The company issued $600 million in aggregate principal amount of 3.25% Senior Notes due June 15, 2026, and subsequently satisfied and discharged these notes using proceeds from the Senior Notes due 2030[251][252] - The company issued $400 million in aggregate principal amount of 7.25% Senior Notes due July 15, 2030, with interest payable semi-annually starting January 15, 2026[254] - As of December 31, 2025, $45.5 million of letters of credit were outstanding under the amended credit agreement[245] - The company is required to maintain a consolidated EBITDA to consolidated interest expense ratio of not less than 3.50 to 1.0 and a consolidated total indebtedness to consolidated EBITDA ratio not greater than 3.25 to 1.0[248] Accounting Standards - The company’s financial statements are prepared in accordance with U.S. GAAP, requiring estimates and assumptions that may significantly affect reported amounts[256]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking technology adopter, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]

Shares of Under Armour got a lift in early Friday trading, after the athletic gear maker turned a surprise quarterly profit and raised its full-year earnings guidance to more than double what it was j... ...

Core Viewpoint - Under Armour anticipates revenue to decline at the lower end of its fiscal 2026 forecast due to ongoing weak demand in key markets and tariff pressures [1] Group 1: Revenue Expectations - The company expects revenue to fall at the milder end of its fiscal 2026 forecast [1] - Weak demand is particularly noted in the North American and Asia-Pacific markets [1] Group 2: Market Conditions - The company continues to face challenges from weak demand in its primary markets [1] - Tariff pressures are expected to persist into the new year, impacting overall performance [1]

Exhibit 99.1 UNDER ARMOUR REPORTS THIRD QUARTER FISCAL 2026 RESULTS; UPDATES FISCAL 2026 OUTLOOK BALTIMORE, Feb. 6, 2026 – Under Armour, Inc. (NYSE: UAA, UA) released its unaudited financial results for the third quarter of fiscal 2026, which ended on December 31, 2025. The company reports its financial performance in accordance with United States Generally Accepted Accounting Principles ("GAAP"). This press release includes references to "currency neutral" and "adjusted" amounts, which are non-GAAP financi ...

Financial Performance - For fiscal 2026, Under Armour expects adjusted earnings per share to range from $0.10 to $0.11, an increase from the prior outlook of $0.03 to $0.05 [1] - The company anticipates a loss per share between $1.24 and $1.25 [1] - Adjusted operating income is projected to be approximately $110 million, compared to the previous outlook of $95 million to $110 million [1] - Revenue is expected to decline by approximately 4 percent, an improvement from the prior outlook of a 4 to 5 percent decline [1] Quarterly Results - In the third quarter, Under Armour reported a net loss of $430.8 million, a significant decrease from a net income of $1.2 million in the previous year [2] - The net loss per share for class A, B, and C common stock was $1.01, compared to breakeven in the prior year [2] - Adjusted operating income for the quarter was $26 million, while adjusted net income per share was $0.09, slightly up from $0.08 [2] - Revenue decreased by 5 percent to $1.33 billion, or down 6 percent on a currency-neutral basis [2] Management Commentary - Under Armour's CEO Kevin Plank stated that the third quarter adjusted operating results exceeded expectations and expressed optimism about the progress in reigniting brand momentum despite some non-recurring impacts [3] Market Reaction - In pre-market trading on NYSE, Under Armour shares increased by 3.26 percent to $6.50 [4]

Core Insights - Under Armour experienced a smaller-than-expected decline in third-quarter revenue, indicating effective turnaround efforts by the company [1] Company Summary - The sportswear maker's initiatives to simplify its product assortment have contributed to stabilizing demand during the crucial holiday season [1]

Core Viewpoint - Under Armour is expected to report a quarterly loss for Q3, contrasting with a profit from the previous year, indicating potential challenges in financial performance [1]. Financial Performance - Analysts predict Under Armour will report a loss of 1 cent per share for the third quarter, compared to a profit of 8 cents per share in the same quarter last year [1]. - The consensus estimate for quarterly revenue is $1.31 billion, down from $1.4 billion reported last year [1]. Recent Developments - On November 6, Under Armour reported fiscal Q2 2026 results that exceeded Wall Street expectations but subsequently lowered its full-year outlook [2]. - Following the Q2 report, Under Armour's shares fell by 5%, closing at $6.28 [2].

Core Insights - The leadership positions in major sports brands are becoming increasingly unstable, with significant CEO changes occurring across the industry, including Decathlon, Puma, and Lululemon [1][2] - The turnover at the executive level reflects a broader strategic shift within these companies, particularly in the Chinese market, as brands face the need to adapt to changing consumer demands and market conditions [1][3] Group 1: Executive Changes - Lululemon's CEO Calvin McDonald has stepped down after seven years, marking a significant leadership change [3] - Nike's Greater China CEO Dong Wei has left, with Cathy Sparks taking over [3] - Alo Yoga has appointed Benedetta Petruzzo, a former executive from Dior and Miu Miu, as its new International Business CEO [3] - Under Armour has seen changes in its China General Manager and Greater China President roles, with Carol Chen now in charge [3] - Puma's CEO Arne Freundt has left after two and a half years, with Arthur Hoeld, a former Adidas executive, taking over [3] - Decathlon's CEO Barbara Martin has resigned, and Javier López will succeed her [3] - Fila's Greater China President Yao Weixiong has stepped down after 15 years, with Jiang Yan promoted internally as the new leader [3] Group 2: Industry Signals - The high turnover of executives signals three key themes in the industry: crisis management, strategic pivots, and talent shortages [2][4] - Many brands are facing challenges from emerging competitors, prompting them to reassess their strategies and leadership [4][5] - The need for brands to adapt quickly to market changes is evident, as seen with Alo Yoga's shift towards high-end lifestyle products [7][13] Group 3: Market Dynamics - The sports brand market is experiencing a transformation, with established companies needing to respond to the rise of niche brands that are reshaping consumer preferences [4][10] - Brands like Nike and Under Armour are undergoing significant strategic shifts, with new leadership aimed at correcting previous missteps in market strategy [10][11] - The trend of frequent executive changes reflects a broader industry shift towards agility and responsiveness in a rapidly evolving market landscape [16][18]

Core Viewpoint - An investigation is underway regarding Under Armour's Board of Directors for potential breaches of fiduciary duties related to cybersecurity events affecting the Company's data systems [1]. Company Overview - Under Armour, Inc. is a global sportswear and performance gear company based in Baltimore, MD, specializing in the design, development, marketing, and distribution of athletic apparel, footwear, and accessories worldwide [2]. Legal Firm Background - Berger Montague PC is a prominent law firm in the U.S. focusing on complex civil litigation, class actions, and mass torts, with over $2.4 billion in post-trial judgments in 2025 and more than $50 billion recovered for clients over 55 years [3].