Core Insights - Under Armour, Inc. reported third-quarter fiscal 2025 results with revenues and earnings exceeding the Zacks Consensus Estimate, although both metrics decreased year over year [1][3] - The company has refined its brand focus and updated its product strategy, which has positively impacted performance and led to an improved fiscal 2025 outlook [1] Financial Performance - Adjusted earnings were 8 cents per share, surpassing the Zacks Consensus Estimate of 3 cents, but down from 19 cents in the prior year [3] - Net revenues reached 1,401million,exceedingtheconsensusestimateof1,338 million, but decreased by 5.7% year over year [3] - Wholesale revenues fell 1% to 704.8million,whiledirect−to−consumerrevenuesdeclined9.1672.9 million [4] Revenue Breakdown - Apparel revenues decreased 5% to 966.1million,exceedingtheconsensusestimateof909.2 million [5] - Footwear revenues dropped 9% to 301.2million,belowtheconsensusestimateof303.6 million [5] - Revenues from Accessories rose 5.7% to 110.4million,outperformingtheconsensusestimateof98 million [5] Geographic Performance - North America revenues declined 7.8% to 843.6million,exceedingtheZacksConsensusEstimateof790.7 million [6] - International revenues decreased 1.4% to 558million,withEMEArevenuesincreasing4.9297.9 million [7][6] Margin and Expenses - Gross profit was 665.2million,down0.8605.5 million, primarily due to higher marketing expenses [9] Financial Position - The company ended the quarter with cash and cash equivalents of 726.9millionandlong−termdebtof595.2 million [10] - Under Armour repurchased 25millionworthofitsclassCcommonstock,retiring2.8millionshares[11]Fiscal2025Outlook−Revenuesareexpectedtodecline10185 million and $195 million, an increase from the earlier estimate [17] - Loss per share is expected between 48 cents and 50 cents, with adjusted earnings per share forecasted between 28 cents and 30 cents [18]
