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Under Armour(UA) - 2026 Q2 - Earnings Call Transcript
2025-11-06 14:30
Financial Data and Key Metrics Changes - Revenue declined 5% to $1.3 billion, slightly better than the outlook shared in August [30] - Gross margin declined 250 basis points year-over-year to 47.3%, primarily due to supply chain headwinds and unfavorable channel mix [33] - Adjusted operating income was $53 million, outperforming expectations [36] - Reported diluted loss per share was $0.04, with adjusted diluted earnings per share also at $0.04 [36] Business Line Data and Key Metrics Changes - North America revenue decreased 8%, primarily due to a decline in full-price wholesale and lower e-commerce sales [31] - EMEA revenue increased 12%, driven by full-price wholesale and strong growth in the DTC channel [31] - APAC revenue declined 14%, mainly driven by the wholesale business [31] - Apparel revenue declined 1%, while footwear revenue declined 16% due to challenging consumer demand [32] Market Data and Key Metrics Changes - Latin America revenue increased 15%, with strong growth across wholesale and DTC [31] - Direct-to-consumer revenue declined 2%, primarily due to an 8% decrease in e-commerce sales [32] - Licensing revenues increased 17%, driven by strength in the international business [32] Company Strategy and Development Direction - The company is focused on a turnaround strategy that emphasizes product innovation, storytelling, and brand positioning [7][28] - A streamlined assortment strategy has been implemented, cutting 25% of SKUs to enhance focus on key products [9] - The company aims to build on successful franchises and return to growth in upcoming seasons [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's potential and the importance of storytelling to connect with consumers [26][49] - The company anticipates a decline in full-year revenue of 4-5% for fiscal 2026, with expectations for stabilization in North America by fiscal 2027 [37][39] - Management highlighted the importance of maintaining high standards and building trust through performance [7] Other Important Information - A leadership transition is underway, with Reza Taghavi set to join as CFO in February 2026 [5] - The company is addressing structural challenges in APAC and aims to stabilize the business for growth in fiscal 2027 [24][25] Q&A Session Summary Question: What makes you confident that North America will see stabilization before the end of fiscal 2027? - Stabilization means getting the business to a healthy version, with a focus on structural elements, product elevation, and storytelling opportunities [44][45] Question: Can you elaborate on NeoLast and its significance? - NeoLast is a sustainable fiber that replaces Lycra, showcasing innovation in upcoming products [51][52] Question: What is being done to enhance the marketing voice for track and field? - The company is leveraging partnerships and focusing on authentic storytelling to enhance its presence in the running category [54][58] Question: Can you discuss the footwear business challenges? - The company is committed to footwear and is transitioning to a strategy that emphasizes aspiration and innovation rather than relying solely on brand heat [63]
To Altadena, With Love: The Power of Story to Rebuild a Community | Mimi Brown | TEDxAltadena
TEDx Talks· 2025-11-05 17:33
Silence has a sound. It's the kind that sits in your chest when the snow starts falling heavy and the sun disappears for days. Right.You learn that connection isn't optional. It's survival. And in that silence, stories become a lifeline.A good story can melt the distance between people. It can pull neighbors out of isolation and remind us that even in the coldest places, we still belong together. In Alaska, storytelling isn't how we just isn't how we pass the time.It's how we stayed connected, how we felt t ...
The Power of One Video | Vikas Tiwari | TEDxSVIET
TEDx Talks· 2025-11-05 16:26
What a beautiful day. I'm so excited to share you know the thing which I'm really passionate about which I have been doing from last 10 years the videos. Okay.So most of the uh talks start with a question. So why not mine. So raise your hands if you have ever tried to explain something but people just don't get it.Like yeah I see so many hands. Great. Awesome.Now keep them up. Keep them up. If you thought what if I could just show them instead of telling it.Right. Perfect. Now oh my gosh this already came.O ...
Our Narrative Through The Lenses of Culture | HILDA DOKUBO | TEDxDiobu
TEDx Talks· 2025-11-03 17:34
Storytelling & Cultural Identity - The African culture is deeply rooted in storytelling, songs, dances, and chants, serving as a means to pass down traditions to younger generations [1][2][3] - There's a call to prioritize telling authentic African stories, showcasing values, and distinguishing cultural nuances like the difference between a "walk" and a "march" [4] - The industry recognizes a historical bias where "white" is often associated with angelic qualities and "black" with demonic ones, influencing choices even in clothing [5][6] - The speaker expresses frustration with the misrepresentation of African culture and names in scripts, advocating for accurate and respectful portrayals [7] Media & Representation - The industry is urged to reclaim its voice and tell its own stories, moving beyond stereotypical representations [8][15] - Social media is acknowledged as a powerful tool that has transformed how products are marketed and how talent is recognized, presenting an opportunity to share authentic narratives [8][9] - The speaker advocates for using social media to tell African stories, starting immediately by capturing and sharing images and narratives [10] - Storytelling should follow a structure with introduction, build-up, complication, climax, and resolution, while also embracing the collaborative and responsive nature of African storytelling [10][11][12][13][14] Cultural Preservation & Future - The speaker emphasizes the importance of remembering roots and traditions, as exemplified by the desire to evoke memories of home through storytelling [14] - There's a need to showcase the strength, trials, battles, and victories of Africa, moving away from depictions of weakness and poverty [18] - The speaker highlights how elements of African culture have been adopted and celebrated by others (like Hollywood), urging the industry to tell its own stories to the world [17][18]
History Meets Mythology: The Indian Way of Understanding the Past | Tarun Bhargava | TEDxNITTrichy
TEDx Talks· 2025-11-03 16:28
history. When we hear that word, what is it that comes to our mind. Perhaps some dates, records, perhaps the names of some rulers and generals arranged neatly in an order.But did it mean the same for our ancestors. What was history for them. When they didn't have records, perhaps they imagined and when they mixed memory with myth, they created story that made sense about their past.And this talk is going to about those stories. Somewhere in the 14th century, one bright morning, Sultan Firosha Touglak stands ...
Trust, Storytelling, and the Future of Brands
Duct Tape Marketing· 2025-10-30 16:54
Core Insights - The discussion centers around the concept of "Intangence," which emphasizes the importance of human connection and intangible values in branding and marketing [3][6][30] - Trust is identified as a critical component of brand value, with consumers willing to pay a premium for brands they trust [5][12] - The role of storytelling in marketing is highlighted as a means to create emotional connections and convey brand purpose [19][20] Group 1: Intangence and Human Connection - "Intangence" is defined as the language of human connection, focusing on the intangible values that brands can offer [3][6] - Trust is described as the new brand commodity, essential for distinguishing genuine brands in a world filled with misinformation [5][12] - The value of a brand is determined by the meaning it holds for consumers, rather than just its physical assets [7][30] Group 2: Storytelling and Brand Purpose - Authentic storytelling is crucial for brands to connect with consumers on an emotional level, making the brand memorable [19][20] - Brands should focus on their purpose and how they will be remembered, which can guide their marketing strategies [24][25] - The example of Coca-Cola illustrates how a brand can sell a product with no nutritional value by embedding it in emotionally compelling narratives [21][22] Group 3: Market Dynamics and Cultural Differences - There are cultural differences in how brands build trust and connect with consumers, but universal truths exist that can guide marketing strategies [16][27] - The concept of "currency of conversation" emphasizes the need for messages to be relevant and resonate deeply with the audience [25] - The importance of understanding emerging trends and consumer behavior is highlighted as essential for effective brand storytelling [26]
The Rhythm of Reason - Kathak’s Numbers, Storytelling & Legacy | Ragini Maharaj | TEDxIIFTDelhi
TEDx Talks· 2025-10-29 15:34
Cultural Significance of Kathak - Kathak is presented as a dance form transcending gender, embodying both masculinity and femininity through expressions and art [3] - The speaker belongs to the ninth generation of the Kalka Bindadin Gharana of Lucknow, highlighting the legacy of the Maharaj family in Kathak [1] - The speaker's grandfather emphasized learning Kathak compositions for life-long value, even amidst academic pursuits [1] - The speaker's grandfather introduced numerical compositions in Kathak to make the rhythmic patterns easier to understand [2] Artistic Expression and Inspiration - The speaker recalls an incident where her mathematical answer differed significantly from her classmates, leading her grandfather to explain the unique mathematical capabilities inherent in Kathak [1][2] - The speaker shares anecdotes about her grandfather's choreographies, including "Loha" (Iron) and "Story of a File," showcasing the use of Kathak to portray social messages and humor [3] - The speaker expresses concern over the stereotypical portrayal of male Kathak dancers in movies and comedy shows, which discourages aspiring dancers [3] Performance and Demonstrations - The speaker recites and demonstrates various Kathak compositions, including "Tihai" and compositions involving addition, to engage the audience and illustrate the rhythmic patterns [2] - The speaker performs a piece depicting the changing weather, using different expressions to convey the elements [3] - The speaker demonstrates a composition that mimics friends playing hockey, passing the ball, and another depicting leaves falling from a tree in autumn, showcasing the versatility of Kathak [2]
Can You Tell Someone Else's Story? | Peter Decherney | TEDxPenn
TEDx Talks· 2025-10-28 15:39
Storytelling & Partnership - The speaker emphasizes the importance of collaborative storytelling across global connections and differences, particularly with marginalized communities [1][2] - The speaker partners with African Jewish communities to amplify their stories, fostering cross-cultural understanding and connection [2][3] - The speaker's work involves a feedback loop, sharing pictures and films with the communities and building global relationships that provide spiritual and material benefits [5][6] Community Focus - The report highlights the existence and growth of African Jewish communities across sub-Saharan Africa, including Ethiopia, Nigeria, Kenya, Tanzania, and Uganda [3][4][15] - The Ethiopian Jewish community in Gander faces economic hardship and challenges related to immigration to Israel [7][8][9] - The Abu Dhaya Jews of Uganda have a unique history, including resilience in the face of persecution and a commitment to community building [15][16][17][18] Cultural & Religious Identity - The speaker's personal journey of reconnecting with their Jewish heritage is intertwined with their work with African Jewish communities [2][3] - The report showcases the diversity of Jewish experiences and practices in Africa, challenging preconceived notions of what it means to be Jewish [3][4] - The communities maintain their religious practices, sometimes prioritizing them over other activities, such as the soccer team observing Shabbat [12] Global Connection & Impact - The speaker's projects aim to connect these communities with each other and with global Jewish communities [5] - Technology, such as WhatsApp, facilitates ongoing communication and support between the speaker and community members [14] - The speaker emphasizes the responsibility involved in telling someone else's story accurately and respectfully [25][26]
When Youth Embrace Heritage: Carving China‘s Cultural Future | 泽锋 欧阳 | TEDxShenzhen Senior HS North
TEDx Talks· 2025-10-28 15:22
Good afternoon everyone. When we talk about youth and heritage, they seem to be far from each other. But after a quick show of hands, you'll learn the underlying connections between them.Question one, who saw the moon during the mid-autumn festival. Show me your hands, please. Thank you.And question two, who have been amazed by the ancient temples while playing the black mythong. Raise your hands if so. Thank you.We see that's most of us. Here's a question. When you saw the pictures view or just play the ga ...
Decoding the Mindset of Wealth Building | Vineet Patawari | TEDxTheNewtownSchool
TEDx Talks· 2025-10-27 15:39
Wealth Creation Principles - The game of wealth is about power, not fairness; money is a tool that can be powerful in the right hands but slips away from the weak [3][4] - Leverage is key to wealth creation, involving maximizing output with minimum effort through capital, labor, technology, coding, and network [6][7][8] - Selling time for money is the worst form of leverage because time is a limited resource [9] - Patience is crucial, especially in markets, where waiting for the right opportunity to invest yields maximum returns [11][12][13] - Discipline, doing uncomfortable things daily, is more important than passion for long-term wealth building [15][16] Strategic Thinking - Mastering silence, or being unreadable, prevents others from exploiting one's intentions and vulnerabilities [18][19][20] - Storytelling and creating narratives are essential for building brands and influencing perception, leading to disproportionate wealth [21][22][23][24][25][26] Personal Development - Transforming one's identity to embody leverage, patience, silence, and storytelling is crucial for continuous growth [26][27][28][29] - Continuous learning and skill-building are vital for adapting to new situations and building a strong network [29][30][31] - The ultimate goal is to become someone whom wealth chases, rather than chasing wealth [32]