Core Viewpoint - Under Armour, Inc. is set to release its third quarter fiscal 2026 financial results on February 6, 2026, for the period ending December 31, 2025 [1] Group 1 - The earnings release will be issued at approximately 6:55 a.m. Eastern Time (ET) [1] - Following the earnings release, Under Armour management will host a conference call at approximately 8:30 a.m. ET to discuss the company's results [1] - The conference call will be webcast live and available for replay on Under Armour's Investor Relations website [2] Group 2 - Under Armour, Inc. is headquartered in Baltimore, Maryland, and is a leading inventor, marketer, and distributor of branded athletic performance apparel, footwear, and accessories [3] - The company's products are designed to empower human performance and are engineered to make athletes better [3] - For further information, Under Armour's website can be visited [3]

Core Insights - Under Armour is implementing senior leadership changes to enhance its global product, brand, and marketplace strategies, effective February 2, 2026, aimed at driving sustainable growth and improved financial performance [1][2] Leadership Changes - Kara Trent has been appointed as Chief Merchandising Officer, responsible for category management and go-to-market initiatives, focusing on revenue and margin optimization through improved SKU productivity and channel profitability [2][3] - Adam Peake has been named President, Americas, tasked with leading Under Armour's business across North and South America, emphasizing marketplace strategy and omni-channel growth [4][5] - Yassine Saidi will transition to a Senior Advisor role, concentrating on design expression and creative continuity, continuing to evolve the brand's design language and performance expression [6] Experience and Background - Kara Trent brings 24 years of industry experience, previously serving as President, Americas, and Managing Director for EMEA, where she focused on profitable growth and operational rigor [3] - Adam Peake has over 25 years of leadership experience, including 16 years at Under Armour, with expertise in U.S. sales, global marketing, and category leadership, positioning him to enhance brand relevance and accelerate growth [5]

Core Viewpoint - Under Armour Inc. (NYSE:UA) has experienced a significant increase in share prices, rising by 14.44% week-on-week, reaching a new four-month high, driven by increased investment from Fairfax Holdings [1][2]. Group 1: Share Price Movement - Under Armour's share price surged by 14.44% week-on-week, marking a new four-month high [1]. - The rally in share prices was influenced by Fairfax Holdings, which increased its stake in Under Armour [2]. Group 2: Investment Activities - Fairfax Holdings, a Canada-based financial services firm, raised its stake in Under Armour through a series of acquisitions, becoming a 10% owner [2]. - On December 30, Fairfax acquired $67 million worth of additional shares, including over 11.5 million Class A shares and 1.67 million Class C shares, at average prices of $5.1408 and $4.9474, respectively [3]. - Prior to this, from December 22 to 29, Fairfax purchased an additional 15.68 million Class A and C common shares at average prices of $4.6133 and $4.4055 [4]. Group 3: Company Performance - Under Armour reported a net loss of $18.8 million for the second quarter of fiscal year 2026, a decline from a net income of $170.38 million in the same period the previous year [5]. - Revenues decreased by 5% year-on-year, falling to $1.33 billion from $1.40 billion, primarily due to lower revenues from North America, wholesale, and apparel segments [5].

Core Insights - Under Armour reported its unaudited financial results for Q2 of fiscal 2026, showing a revenue decline of 5% to $1.3 billion, with a 6% decrease on a currency-neutral basis [9][14] - The company is experiencing brand momentum in North America, which is seen as a positive sign for its turnaround strategy [2][5] - The restructuring plan initiated in May 2024 has led to significant charges, with $147 million incurred so far, including $103 million in restructuring and impairment charges [5][10] Financial Performance - Revenue decreased by 5% to $1.3 billion, with North American revenue down 8% to $792 million, while international revenue grew 2% to $551 million [9][14] - Gross margin declined by 250 basis points to 47.3%, primarily due to supply chain challenges and increased tariffs [9][12] - Selling, general, and administrative (SG&A) expenses rose by 12% to $582 million, with adjusted SG&A expenses increasing by 9% to $577 million [9][21] Share Buyback and Cash Management - Under Armour repurchased $25 million of its Class C common stock in Q2, retiring 5.2 million shares, totaling 18 million shares repurchased for $115 million under a $500 million program [4][10] - Cash and cash equivalents stood at $396 million, with the company using proceeds from issuing Senior Notes to discharge $600 million in Senior Notes due 2026 [9][16] Outlook for Fiscal 2026 - The company expects revenue to decrease by 4% to 5%, with anticipated declines in North America and Asia-Pacific, but a slight increase in EMEA [10][19] - Gross margin is projected to decline by 190 to 210 basis points, mainly due to higher U.S. tariffs [10][19] - SG&A expenses are expected to decrease by a mid-teens percentage rate, with adjusted SG&A projected to decline at a mid-single-digit rate [10][19]

Core Insights - Under Armour, Inc. announced the appointment of Reza Taleghani as Executive Vice President and Chief Financial Officer, effective February 2026, succeeding David Bergman, who will remain with the company until the end of Q1 fiscal 2027 for a smooth transition [1][2]. Group 1: Leadership Transition - David Bergman has been with Under Armour for 21 years and has played a crucial role in the company's success and resilience [2]. - Reza Taleghani brings over 25 years of global financial and operational leadership experience, previously serving as EVP and CFO at Samsonite Group S.A. [3][4]. - Taleghani expressed enthusiasm about joining Under Armour at a pivotal moment, emphasizing the company's strong foundation and focus on performance and innovation [2][3]. Group 2: Reza Taleghani's Background - At Samsonite, Taleghani oversaw global finance, accounting, investor relations, treasury, internal audit, and mergers and acquisitions, leading to record gross and EBITDA margins [3]. - Prior to Samsonite, he held senior roles at Brightstar Corp. and spent over 15 years at J.P. Morgan in various financial sectors [4]. - Taleghani holds a JD/MBA from Villanova University and dual bachelor's degrees from Brown University [4]. Group 3: Company Overview - Under Armour, headquartered in Baltimore, Maryland, is a leading inventor, marketer, and distributor of branded athletic performance apparel, footwear, and accessories [5]. - The company aims to empower human performance through innovative products designed to enhance athletic capabilities [5].

Core Viewpoint - Under Armour, Inc. is set to release its second quarter fiscal 2026 results on November 6, 2025, with a conference call scheduled for 8:30 a.m. ET to discuss the results [1]. Group 1: Company Overview - Under Armour, Inc. is headquartered in Baltimore, Maryland, and is recognized as a leading inventor, marketer, and distributor of branded athletic performance apparel, footwear, and accessories [2]. - The company's products are designed to empower human performance, with a focus on innovation to enhance athletic capabilities [2].

Core Insights - Under Armour, Inc. (NYSE:UA) is considered one of the best penny stocks to buy according to hedge funds, with UBS reiterating a Buy rating and setting a price target of $7.50 [1] - Conversely, Under Armour was downgraded to a Hold by Redburn Atlantic analyst Geoff Lowery, who assigned a price target of $6.00 [2] Company Overview - Under Armour, Inc. develops, markets, and distributes branded athletic performance apparel, accessories, and footwear for men, women, and youth [2] - The company operates in four geographic segments: North America, EMEA, Asia-Pacific, and Latin America [2]