Financial Performance - Total net revenues for the three months ended September 30, 2022, increased by 1.8% compared to the same period in 2021, reaching $1,573,885 thousand[126]. - Net income for the three months ended September 30, 2022, was $86,925 thousand, down from $113,444 thousand in the same period of 2021[133]. - Total net revenues increased by $28.4 million to $1,573.9 million during the three months ended September 30, 2022, a 1.8% increase, driven by growth in EMEA and Asia-Pacific regions[159]. - Total net revenues for the six months ended September 30, 2022, increased by $25.9 million, or 0.9%, to $2,922.9 million compared to $2,897.1 million for the same period in 2021[165]. Revenue Breakdown - Wholesale revenue increased by 4.1%, while direct-to-consumer revenue decreased by 4.4% during the same period[126]. - Net revenue in North America decreased by 2.3%, while EMEA, Asia-Pacific, and Latin America saw increases of 8.9%, 6.5%, and 3.2%, respectively[126]. - North America net revenues decreased by $24.0 million, or 2.3%, to $1,011.8 million, primarily due to declines in wholesale and direct-to-consumer channels[160]. - EMEA net revenues increased by $21.5 million, or 8.9%, to $262.7 million, driven by an increase in the wholesale channel[160]. - Asia-Pacific net revenues increased by $13.8 million, or 6.5%, to $225.7 million, supported by growth in both wholesale and direct-to-consumer channels[160]. - North America net revenues decreased by $20.2 million, or 1.0%, to $1,921.2 million, primarily due to a decline in direct-to-consumer sales[167]. - EMEA region net revenues increased by $19.4 million, or 4.3%, to $467.9 million, driven by an increase in the wholesale channel[167]. - Asia-Pacific region net revenues decreased by $1.9 million, or 0.5%, to $402.4 million, impacted by COVID-19 related restrictions[167]. Cost and Expenses - Gross margin decreased by 560 basis points to 45.4%[126]. - Cost of goods sold increased to $860,051 thousand from $757,428 thousand year-over-year[133]. - Selling, general and administrative expenses decreased by 0.8% to $594,424 thousand[126]. - Selling, general and administrative expenses decreased by $5.0 million, or 0.8%, to $594.4 million for the three months ended September 30, 2022, as a percentage of net revenues decreased to 37.8% from 38.8%[147]. - Cost of goods sold as a percentage of net revenues increased to 54.6% for the three months ended September 30, 2022, compared to 49.0% in the prior year[134]. - Selling, general and administrative expenses increased by $45.8 million, or 4.0%, during the six months ended September 30, 2022, as a percentage of net revenues increased to 40.7% from 39.5%[147]. Profitability - Gross profit decreased by $74.3 million to $713.8 million during the three months ended September 30, 2022, with a gross margin of 45.4%, down from 51.0% in the prior year[142]. - Net income for the three months ended September 30, 2022, was 5.5% of net revenues, down from 7.3% in the same period of 2021[134]. - Total operating income decreased by $52.7 million to $119.4 million during the three months ended September 30, 2022, a 30.6% decrease, primarily due to lower revenues and higher costs[162]. - Total operating income decreased by $139.4 million, or 47.5%, to $153.9 million, primarily due to lower revenues and increased costs[168]. - Operating income in North America decreased by $83.2 million to $209.2 million, a 28.4% decline, attributed to lower revenues and increased costs[163]. - Operating income in North America decreased by $119.0 million, or 22.9%, to $399.1 million, driven by lower gross profit and increased expenses[170]. Cash Flow and Liquidity - Cash flows used in operating activities were $(2.5) million, a decrease of $362.9 million compared to $360.5 million in the prior year[177]. - As of September 30, 2022, the company had approximately $853.7 million in cash and cash equivalents, sufficient to meet liquidity needs for at least the next twelve months[173]. - Cash flows used in financing activities decreased by $365.2 million compared to the six months ended September 30, 2021[182]. Debt and Financing - The company issued $500.0 million aggregate principal amount of 1.50% convertible senior notes due 2024, with net proceeds of $488.8 million[187]. - The company issued $600.0 million aggregate principal amount of 3.250% senior unsecured notes due June 15, 2026, with proceeds used to pay down amounts under the revolving credit facility[190]. - The amended credit agreement provides for revolving credit commitments of $1.1 billion, with no amounts outstanding as of September 30, 2022[183]. - The company is required to maintain a consolidated EBITDA to consolidated interest expense ratio of not less than 3.50 to 1.0 as of September 30, 2022[183]. - The company recognized losses on debt extinguishment of $34.7 million and $23.8 million during the second and third quarters of Fiscal 2021, respectively[187]. - As of September 30, 2022, the company was in compliance with all applicable covenants under the amended credit agreement[183]. - The company has the option to redeem the convertible senior notes at a price equal to 100% of the aggregate principal amount plus accrued interest, under certain conditions[189]. Future Outlook - The company faced increased freight expenses and ongoing COVID-19 related impacts, particularly in China, affecting overall performance[124]. - The company anticipates continued challenges from the COVID-19 pandemic and inflationary pressures impacting future financial results[127][128]. - The fiscal year was changed from December 31 to March 31, with the current fiscal year running from April 1, 2022, to March 31, 2023[132]. Restructuring and Impairment - Restructuring and impairment charges were $0 for the three and six months ended September 30, 2022, compared to $16.7 million and $19.3 million for the same periods in 2021, representing a 100% decrease[148]. Interest and Other Expenses - Interest expense, net decreased by $5.7 million to $3.6 million during the three months ended September 30, 2022, a 61.6% reduction, and decreased by $13.0 million to $9.6 million during the six months ended September 30, 2022, a 57.6% reduction[150]. - Other expense, net decreased by $23.7 million to $5.8 million during the three months ended September 30, 2022, an 80.4% decrease, and decreased by $48.0 million to $20.0 million during the six months ended September 30, 2022, a 70.6% decrease[154]. - Income tax expense increased by $3.3 million to $22.3 million during the three months ended September 30, 2022, a 17.3% increase, while it decreased by $1.1 million to $27.9 million during the six months ended September 30, 2022, a 3.8% decrease[155].

Under Armour, Inc. (NYSE:UAA) Q2 2023 Earnings Conference Call November 3, 2022 8:30 AM ET Company Participants Lance Allega - Senior Vice President, Investor Relations and Corporate Development Kevin Plank - Executive Chair and Branch Chief Colin Browne - Interim President and Chief Executive Officer Dave Bergman - Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Simeon Siegel - BMO Capital Markets Jay Sole - UBS Adrian Lee - Barclays Brian Nagel - Oppenheimer John Kernan - Cowe ...

Under Armour, Inc. (NYSE:UAA) Q1 2023 Earnings Conference Call August 3, 2022 8:30 AM ET Company Participants Lance Allega - SVP, Investor Relations and Corporate Development Kevin Plank - Executive Chairman and Brand Chief Colin Browne - Interim President and CEO David Bergman - Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Jay Sole - UBS Simeon Siegel - BMO Capital Markets Michael Binetti - Credit Suisse Tom Nikic - Wedbush Securities Jonathan Komp - Baird Brian Nagel - Oppe ...

Table of Contents 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, 2022 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 ______________________________ ...

Financial Data and Key Metrics Changes - Revenue increased by 3% to $1.3 billion in the transition quarter compared to the prior year, with expectations of mid-single-digit growth impacted by supply constraints and COVID-19 [23][24] - Gross margin fell by 350 basis points year-over-year to 46.5%, primarily due to COVID-related supply chain impacts and elevated freight costs [26][27] - SG&A expenses rose by 16% to $594 million, driven by increased marketing investments and higher workforce wages [28][29] - The company reported a net loss of $60 million or $0.13 diluted loss per share, with an adjusted net loss of $3 million or $0.01 adjusted diluted loss per share [29] Business Line Data and Key Metrics Changes - Wholesale revenue increased by 4% to $829 million, driven by distributor and off-price businesses [24] - Direct-to-consumer revenue was up 1%, with eCommerce sales growing by 2% and flat results in owned and operated stores [24] - Licensing revenue surged by 23%, attributed to a timing shift in APAC and solid growth in North America [25] - Apparel revenue rose by 8%, while footwear revenue decreased by 4% due to supply constraints [26] Market Data and Key Metrics Changes - North America revenue increased by 4% to $841 million, with growth in both wholesale and DTC businesses [25] - EMEA revenue grew by 18%, driven by wholesale and DTC channels [25] - Asia Pacific revenue declined by 14% due to inbound shipping delays and retail store closures related to COVID-19 [25] - Latin America revenue decreased by 6%, impacted by a shift towards a distributor model [25] Company Strategy and Development Direction - The company is focused on profitable topline growth, emphasizing direct-to-consumer, footwear, women's, and international businesses as key growth drivers [6][21] - Five strategic platforms have been established to enhance brand growth: consumer-centricity, product engine, go-to-market platform, end-to-end planning, and omnichannel excellence [7][10] - Sustainability efforts are being amplified, including a new global headquarters and a goal of using 80% renewable energy by 2025 [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term growth potential despite near-term headwinds from supply chain challenges and COVID-19 impacts [5][22] - The company anticipates revenue growth of 5% to 7% in fiscal 2023, with mid-single-digit growth in North America and low-teens growth internationally [31] - Management highlighted the importance of maintaining inventory discipline and the underlying demand for the brand [42][43] Other Important Information - The company has completed its 2020 restructuring plan, with no further charges anticipated [28] - A share repurchase program of $500 million has been initiated, with $300 million already executed [30] Q&A Session Summary Question: Revenue guidance for fiscal year and growth sources - Management expects mid-single-digit growth in North America, primarily driven by footwear growth outpacing apparel [38] Question: Long-term sales growth expectations - Management believes underlying demand remains strong, with temporary supply chain issues affecting current performance [40][47] Question: Order cancellations and demand-driven cancellations - No cancellations due to lack of demand were reported; all cancellations were related to supply chain issues [56] Question: Pricing strategy and regional pricing power - Pricing adjustments are being made strategically, with opportunities identified for price increases based on product categories and regional considerations [57][59] Question: Inventory units versus dollar change - Inventory units have decreased, while inventory value has increased due to rising costs [74]

Under Armour, Inc. (NYSE:UAA) Q4 2021 Results Conference Call February 11, 2022 8:30 AM ET Company Participants Lance Allega - SVP, IR and Corporate Development Patrik Frisk - President and CEO Dave Bergman - CFO Conference Call Participants Matthew Boss - JP Morgan Erinn Murphy - Piper Sandler Simeon Siegel - BMO Capital Markets Paul Lejuez - Citi John Kernan - Cowen Sam Poser - Williams Trading Kate Fitzsimons - Wells Fargo Jonathan Komp - Baird Kimberly Greenberger - Morgan Stanley Michael Binetti - Cred ...

Table of Contents 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, 2021 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, INC. UNITED STATES SE ...

Financial Data and Key Metrics Changes - Revenue increased by 8% to $1.5 billion, with gross margin rising 310 basis points to a record 51% [6][18][24] - Adjusted diluted earnings per share (EPS) reached $0.31, surpassing previous full-year adjusted EPS records [21][27] Business Line Data and Key Metrics Changes - Apparel revenue grew by 14%, particularly strong in training and golf categories [18] - Footwear revenue increased by 10%, driven mainly by running products [18] - Direct-to-consumer business rose by 12%, with owned retail stores up 21% [17][14] Market Data and Key Metrics Changes - North America revenue was up 8% to $1 billion, with a 2% increase compared to 2019 [10][11] - Asia-Pacific revenue surged by 19%, primarily due to wholesale growth, with a 37% increase compared to 2019 [12] - EMEA revenue grew by 15%, with a 50% increase compared to 2019 [13] - Latin America revenue rose by 27%, with an 8% increase compared to 2019 [13] Company Strategy and Development Direction - The company focuses on sustainable long-term growth while delivering near-term shareholder value [5][31] - Investments in marketing are aimed at enhancing brand affinity and consumer connections [6][8] - The strategy includes reducing reliance on off-price sales to elevate brand positioning [17][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in brand health and growth potential despite near-term headwinds [6][15] - Supply chain challenges are anticipated to impact the first half of 2022, with proactive measures being taken [23][28] - The company expects revenue growth of approximately 25% for the full year 2021, with cautious optimism for 2022 [24][29] Other Important Information - Inventory decreased by 21% to $838 million, reflecting improved operational efficiency [21] - Cash and cash equivalents stood at $1.3 billion, with no borrowings under the revolving credit facility [22] Q&A Session Summary Question: Supply chain challenges and product availability for Q4 - Management noted improvements in container availability but highlighted ongoing challenges at local ports affecting inbound product delivery [35][36] Question: North American market momentum - Management emphasized healthier revenue streams with reduced off-price sales and less promotional activity, contributing to brand strength [38][39] Question: Pricing power and gross margin outlook - Management indicated strong pricing power due to reduced promotions, contributing positively to gross margins [46][47] Question: DTC profitability and growth expectations - Management acknowledged improvements in DTC profitability but did not disclose specific percentages, indicating ongoing investments in this channel [51][53] Question: Product cost inflation and pricing strategies - Management is monitoring inflationary pressures and is strategically planning price increases for future product lines [56][57] Question: Off-price channel dynamics - Management has successfully reduced reliance on the off-price channel to about 3% of revenue, which has positively impacted gross margins [62] Question: SKU management and productivity initiatives - Management reported a 50% reduction in SKUs since 2017, maintaining a balanced approach to product offerings [65][67] Question: Sourcing and supply chain issues - Management confirmed a balanced sourcing strategy across regions, with ongoing logistics challenges expected to impact the first half of 2022 [70][72]