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 ...

Revenue Performance - Third quarter revenue decreased 5% to $1.33 billion, with North America revenue declining 10% to $757 million and international revenue increasing 3% to $577 million[3]. - Fiscal 2026 revenue is expected to decline approximately 4%, with an 8% decline in North America and a 6% decline in Asia-Pacific[7]. - Net revenues for the three months ended December 31, 2025, were $1,327,761, a decrease of 5.2% compared to $1,401,039 in the same period of 2024[18]. - North America segment revenues decreased by 10.3% to $756,726 for the three months ended December 31, 2025, compared to $843,620 in 2024[18]. - Direct-to-consumer revenues decreased by 3.9% to $646,845 for the three months ended December 31, 2025, compared to $672,948 in 2024[20]. - The total net revenue growth (decline) for the nine months ended December 31, 2025, was (4.7)% according to GAAP, with a currency-neutral net revenue decline of (5.5)%[31]. Profitability and Loss - Gross margin declined 310 basis points to 44.4%, primarily due to higher tariffs and pricing headwinds[3]. - The company recorded a net loss of $431 million, including a $247 million valuation allowance on U.S. federal deferred tax assets[6]. - Diluted loss per share was $1.01, while adjusted diluted earnings per share was $0.09[6]. - Gross profit for the three months ended December 31, 2025, was $589,740, representing a gross margin of 44.4%, down from 47.5% in 2024[18]. - The company reported a net loss of $430,827 for the three months ended December 31, 2025, compared to a net income of $1,234 in 2024[18]. - Basic net loss per share for Class A, B, and C common stock was $(1.01) for the three months ended December 31, 2025, compared to $0.00 in 2024[18]. - For the nine months ended December 31, 2025, the net income was $(452,253) thousand, compared to $(133,810) thousand for the same period in 2024, indicating a significant decline[29]. - The adjusted income from operations for the nine months ended December 31, 2025, was $104,221 thousand, compared to $233,710 thousand in 2024[35]. - The company reported an adjusted net income of $60,736 thousand for the nine months ended December 31, 2025, down from $169,767 thousand in 2024[37]. Expenses and Cost Management - Selling, general and administrative (SG&A) expenses increased 4% to $665 million, but adjusted SG&A declined 7% to $563 million[3]. - SG&A expenses for fiscal 2026 are expected to decline at a low-double-digit rate, driven by lower marketing costs and restructuring savings[7]. - Adjusted selling, general and administrative expenses for the nine months ended December 31, 2025, were $1,662,599 thousand, a decrease from $1,690,252 thousand in 2024[33]. Future Outlook - Operating loss for fiscal 2026 is expected to be approximately $154 million, with adjusted operating income expected to be around $110 million[7]. - The company expects to recognize remaining restructuring charges by the end of fiscal 2026, with total costs of the restructuring plan now expected to be up to $255 million[5]. - The outlook for the year ending March 31, 2026, includes an estimated adjusted income from operations of approximately $110 thousand[42]. - The GAAP diluted net loss per share for the year ending March 31, 2026, is estimated to be between $(1.25) and $(1.24)[43]. Balance Sheet and Cash Flow - Total current assets increased to $2,989,031 as of December 31, 2025, from $2,329,097 as of March 31, 2025[26]. - Total liabilities rose to $3,194,924 as of December 31, 2025, compared to $2,410,593 as of March 31, 2025[26]. - The company reported a net cash provided by operating activities of $257,079 thousand for the nine months ended December 31, 2025, compared to $142,880 thousand in 2024[29]. - The net cash used in investing activities was $(673,703) thousand for the nine months ended December 31, 2025, compared to $(99,194) thousand in 2024[29]. Restructuring Charges - The company experienced a significant increase in restructuring charges, which amounted to $74,980 for the three months ended December 31, 2025, compared to $13,945 in 2024[18]. - The company-owned and operated door count increased to 450 as of December 31, 2025, from 448 in 2024, with North America total doors rising to 199[45].

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 Insights - Under Armour reported a third-quarter revenue decrease of 5% to $1.33 billion, with a 10% decline in North America and a 3% increase in international revenue [6][10]. - The company experienced an operating loss of $150 million, with adjusted operating income of $26 million after excluding certain expenses [6][10]. - The CEO expressed optimism about the company's transformation and brand momentum, indicating that the December quarter marked a challenging phase but expects greater stability moving forward [2][6]. Financial Performance - Revenue decreased 5% to $1.33 billion, with North America revenue down 10% to $757 million and international revenue up 3% to $577 million [6][10]. - Gross margin declined by 310 basis points to 44.4%, primarily due to higher tariffs and pricing headwinds [6][10]. - Selling, general and administrative (SG&A) expenses increased 4% to $665 million, but adjusted SG&A declined 7% to $563 million when excluding litigation and transformation expenses [6][10]. Restructuring and Transformation - The company is undergoing a restructuring plan expected to cost up to $255 million, with $178 million recorded in restructuring and impairment charges to date [7][10]. - The restructuring plan aims to improve financial and operational efficiency, with a focus on better products and disciplined market presence [2][7]. Outlook - For fiscal 2026, revenue is expected to decline approximately 4%, with a projected operating loss of around $154 million [10]. - Adjusted diluted earnings per share are anticipated to range from $0.10 to $0.11, compared to a previous outlook of $0.03 to $0.05 [10]. Inventory and Liquidity - Inventory decreased by 2% to $1.1 billion, indicating improved inventory management [6][10]. - Cash and cash equivalents totaled $465 million at quarter-end, with no borrowings under the $1.1 billion revolving credit facility [6][10].

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 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].