Key TakeawaysUnder Armour posted better-than-anticipated profit and sales, and gave credit its effort to turn around the company.The athletic apparel maker increased its gross margin and slashed expenses, and boosted its guidance.Founder and CEO Kevin Plank said the turnaround plan is "gaining traction." Under Armour (UA, UAA) shares skyrocketed as the athletic apparel maker’s better-than-expected results and increased guidance indicated that CEO Kevin Plank's turnaround plan is working. The company posted ...

Under Armour (UAA) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 57.89%. A quarter ago, it was expected that this sports apparel company would post a loss of $0.08 per share when it actually produced earnings of $0.01, delivering a surprise of 112.50%.Over the last four quarters, th ...

Exhibit 99.1 UNDER ARMOUR REPORTS SECOND QUARTER 2025 RESULTS; RAISES FISCAL 2025 OUTLOOK BALTIMORE, Nov 7, 2024 – Under Armour, Inc. (NYSE: UAA, UA) announced unaudited financial results for its second quarter of fiscal 2025, which ended September 30, 2024. The company reports its financial performance following accounting principles generally accepted in the United States of America ("GAAP"). This press release refers to "currency neutral" and "adjusted" amounts, which are non-GAAP financial measures desc ...

BALTIMORE, Nov. 7, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UAA, UA) announced unaudited financial results for its second quarter of fiscal 2025, which ended September 30, 2024. The company reports its financial performance following accounting principles generally accepted in the United States of America ("GAAP"). This press release refers to "currency neutral" and "adjusted" amounts, which are non-GAAP financial measures described below under the "Non-GAAP Financial Information" paragraph."Our secon ...

Under Armour (UAA) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock ma ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Under Armour (UAA) Analysis - Under Armour (UAA) has shown a four-week price change of 1.7%, indicating growing investor interest [4] - UAA's stock gained 10.4% over the past 12 weeks, with a beta of 1.66, suggesting it moves 66% more than the market [5] - UAA has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - UAA has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.67, meaning investors pay 67 cents for each dollar of sales, indicating a reasonable valuation [7] Group 4: Additional Investment Opportunities - Besides UAA, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 strategies tailored to help investors find winning stock picks [9]

BALTIMORE, Oct. 21, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) plans to release its second quarter fiscal 2025 (ended September 30, 2024) results on November 7, 2024. Following the news release at approximately 6:55 a.m. Eastern Time (ET), 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., headquar ...

Under Armour, Inc. (UAA) shares have gained 27.6% in the past three months, surpassing the industry peers and the broader S&P 500 index's growth of 6.6% and 2.6%, respectively. This impressive performance can be attributed to a combination of factors, including product innovation, a growing direct-to-consumer (DTC) business, international expansion and improved operational efficiency. Image Source: Zacks Investment Research The company's renewed focus on delivering high-quality athletic wear, coupled with a ...

Key Takeaways Under Armour reported that the expenses for its restructuring plan will be much more than first believed. The athletic apparel maker now sees its pre-tax restructuring and related charges in the range of $140 million to $160 million, well above the initial forecast of $70 million to $90 million. The higher charges led Under Armour to cut its full-year outlook. Under Armour (UAA) shares sank in intraday trading Tuesday, a day after the athletic apparel maker warned that the costs of its fiscal ...

Core Insights - Under Armour, Inc. has revised its fiscal 2025 restructuring strategy, increasing pre-tax restructuring expenses from an estimated range of $70-$90 million to $140-$160 million [1][2] Restructuring Strategy - The adjustment includes phasing out a primary distribution center in Rialto, CA, by March 2026, aimed at streamlining operations and refining the supply chain [2] - The restructuring plan is expected to increase short-term costs but aims to position the company for long-term agility and financial strength [2] Financial Impact - Cash-related charges are projected to reach up to $75 million, with $30 million for severance and employee benefits, and $45 million for transformation initiatives [4] - Non-cash charges are anticipated to be nearly $85 million, including $7 million in severance-related costs and $78 million in asset impairments [5] - By the end of Q1 fiscal 2025, Under Armour incurred $34 million in restructuring costs, with $19 million in cash-related charges and $15 million in non-cash expenses [5] Updated Financial Projections - The company now forecasts an operating loss of $220-$240 million, up from the previous estimate of $194-$214 million [6] - Loss per share is now estimated to be between 58 cents and 61 cents, an increase from the earlier range of 53-56 cents [7] - Adjusted operating income, excluding restructuring charges, is projected to be between $140 million and $160 million [6] Long-term Outlook - Despite the immediate financial impact, Under Armour aims to create a more agile and efficient business for sustained profitability and growth in the future [8]