BALTIMORE, Jan. 25, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) plans to release its third quarter fiscal 2024 (ended December 31, 2023) results on February 8, 2024, at 6:55 a.m. Eastern Time (ET). Following the news release, Under Armour management will host a conference call at approximately 8:30 a.m. ET to review results. This call will be webcast live and archived at https://about.underarmour.com/investor-relations/financials. About Under Armour, Inc. Under Armour, Inc., headquartered in Bal ...

Sportswear Brand and Product Creator Yassine Saidi Set to Lead Company's Product Evolution; UA Veteran Kara Trent to Lead Americas Business BALTIMORE, Jan. 12, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced two new leadership appointments: Yassine Saidi as Chief Product Officer and Kara Trent as President of the Americas. Saidi will join the company on Jan. 29, and Trent, currently serving as the managing director of the company's EMEA region, will assume her new role in February. B ...

Key PointsWhen Under Armour reports fourth quarter results next month, the market could be in for a blowout performance.With a current P/E ratio of 14x, UAA may become an attractive buy candidate if the value style of investing supplants growth in 2024 as some expect.With DTC now representing about 40% of total revenue, store count growth and effective technology investments will largely dictate the turnaround story.5 stocks we like better than Under ArmourOn two occasions last year, Under Armour, Inc. NYSE ...

Financial Data and Key Metrics - No specific financial data or key metrics changes mentioned in the provided content [1] Business Line Data and Key Metrics - No specific business line data or key metrics changes mentioned in the provided content [1] Market Data and Key Metrics - No specific market data or key metrics changes mentioned in the provided content [1] Company Strategy and Industry Competition - No specific company strategy or industry competition details mentioned in the provided content [1] Management Commentary on Operating Environment and Future Outlook - No specific management commentary on operating environment or future outlook mentioned in the provided content [1] Other Important Information - The event is a Q2 2024 earnings conference call for Under Armour [1] - Participants are in listen-only mode, with an opportunity to ask questions after the presentation [1] - The event is being recorded [1] Q&A Session Summary - No Q&A session details provided in the content [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 ______________________________________ UNDE ...

Under Armour, Inc. (NYSE:UAA) Q1 2024 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Lance Allega - Senior Vice President of Investor Relations & Corporate Development Stephanie Linnartz - President & Chief Executive Officer David Bergman - Chief Financial Officer Conference Call Participants Simeon Siegel - BMO Capital Markets Jay Sole - UBS Robert Drbul - Guggenheim Securities Sharon Zackfia - William Blair Geoff Lowery - Redburn Brian Nagel - Oppenheimer Samuel Poser - Williams T ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 ______________________________________ UNDER ARM ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-K ______________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 ______________________________________ UNDER ARMOUR, IN ...

Financial Data and Key Metrics Changes - Fiscal '23 results were in line with expectations, closing the year with a solid fourth quarter revenue of $1.4 billion, an 8% increase, and a 10% increase on a currency-neutral basis [44] - Gross margin for the fourth quarter declined by 310 basis points to 43.4%, driven by higher promotional activity and unfavorable pricing [46][47] - SG&A expenses decreased by 4% to $572 million, primarily due to lower marketing spending [48] Business Line Data and Key Metrics Changes - Apparel revenue increased by 1%, with strength in golf and run businesses, while footwear revenue surged by 27%, driven by team sports, run, and golf [46] - Direct-to-consumer (DTC) business was flat during the quarter, with e-commerce growth of 6% offset by softness in retail stores [45] - Wholesale revenue increased by 10%, driven by solid performance in the full-price business [46] Market Data and Key Metrics Changes - EMEA region saw a 23% increase in currency-neutral revenue, marking it as the highest growth region in fiscal '23 [22] - APAC revenue increased by 31% in the fourth quarter on a currency-neutral basis, benefiting from China's reopening [45] - North America revenue grew by 3%, driven by full-price and off-price wholesale businesses [45] Company Strategy and Development Direction - The company is focusing on three strategic priorities over the next three years, termed Protect This House 3 (PTH 3), which include driving global brand heat, elevating product design, and driving growth in the U.S. [20][42] - There is a strong emphasis on improving brand consistency and engagement in the U.S. market, with plans to reposition existing products and enhance marketing efforts [58][60] - The company aims to expand its total addressable market to over $300 billion by focusing on Sportstyle, footwear, and women's products [33][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's potential, citing strong athlete engagement and a solid base in performance [69] - The focus will be on executing a narrowed list of strategic initiatives to drive results, emphasizing accountability and execution across teams [70][71] - Fiscal '24 is expected to be a year of building, with revenue anticipated to be flat to slightly up, while gross margin is expected to improve [51][50] Other Important Information - The company has made leadership changes and is in the process of hiring a Chief Consumer Officer to enhance brand and marketing strategies [27] - The partnership with Stephen Curry is seen as a significant catalyst for growth, with plans to amplify the Curry brand across various categories [9][31] Q&A Session Summary Question: How to fix inconsistencies in the U.S. market? - Management acknowledged that fixing inconsistencies is a gradual process, focusing on repositioning existing products and enhancing storytelling and merchandising [58][60] Question: Are there KPI targets for new product penetration? - KPIs are being developed to track the growth trajectory of products in the better and best categories, with ongoing customer feedback being prioritized [61][62] Question: What gives confidence in growth opportunities now? - Confidence stems from a strong performance base, athlete engagement, and a focused strategy on product, marketing, and distribution [69][70]

Financial Data and Key Metrics Changes - Revenue for Q3 2023 increased by 3% to $1.6 billion, or up 7% on a currency-neutral basis [22][27] - Gross margin decreased by 650 basis points due to higher promotions and discounting, among other factors [29][33] - Operating income was $95 million, exceeding the outlook of $75 million to $85 million [30] - Net income was $122 million, or $0.27 diluted earnings per share, with adjusted net income at $76 million [30][35] Business Line Data and Key Metrics Changes - Apparel revenue decreased by 2%, with strengths in golf and team sports offset by softness in training [28] - Footwear revenue increased by 25%, driven by strong performance in running and team sports categories [28] - Accessories revenue declined by 2% due to weaker sales of cold weather accessories [28] Market Data and Key Metrics Changes - North America revenue declined by 2% to just over $1 billion, with wholesale down 6% and DTC up 1% [22][23] - EMEA revenue increased by 32% to $265 million, or 46% on a currency-neutral basis [23] - APAC revenue decreased by 9% to $198 million, or up 1% on a currency-neutral basis, with challenges in China impacting retail traffic [24] Company Strategy and Development Direction - The company is focusing on broadening its product offerings to address non-active moments of an athlete's day and enhancing its segmentation strategy [10][14] - A new President and CEO, Stephanie Linnartz, is expected to bring significant experience in brand strategy and digital transformation [7][8] - The company aims to strengthen its brand through innovative products and improved consumer experiences [9][10] Management's Comments on Operating Environment and Future Outlook - Management noted a dynamic retail environment with increased promotional activities due to elevated inventories across the sector [40][70] - There is cautious optimism regarding consumer behavior, with expectations that promotional pressures will continue into the next fiscal year [40][71] - The company is confident in its strategic evolution and believes it is well-positioned to navigate near-term uncertainties [36][37] Other Important Information - Inventory levels increased by 50% to $1.2 billion, reflecting a normalization to support a $6 billion brand [25][26] - The company repurchased an additional $75 million of Class C common stock, totaling $425 million under its two-year buyback program [32] Q&A Session All Questions and Answers Question: Change in the environment for the next fiscal year - Management indicated that both consumer willingness to spend and industry dynamics with heavy inventory are contributing to the changing environment [39][40] Question: Hiring of Stephanie Linnartz - Management highlighted her extensive experience and successful track record as key reasons for her appointment [41][42] Question: Expectations for stores, e-commerce, and wholesale - Management discussed strong performance in Europe and challenges in China, emphasizing the importance of DTC investments [44][45][46] Question: Marketing focus on 16-20-year-old athletes - Management noted early improvements in metrics for this demographic and plans to maintain marketing spend at 10-11% of revenue [62][65] Question: Overall consumer demand and inventory clearance - Management clarified that the current situation is more about inventory management rather than a significant decline in consumer demand [69][70]