Welcome to our dedicated page for Under Armour news (Ticker: UA), a resource for investors and traders seeking the latest updates and insights on Under Armour stock.
Under Armour, Inc. (UA) delivers innovative athletic apparel and footwear through a global network of wholesale partners and direct-to-consumer channels. This page serves as the definitive source for verified company news, providing investors and industry observers with timely updates on strategic developments.
Access official press releases, earnings announcements, and corporate updates in one centralized location. Our curated collection includes product innovation milestones, partnership agreements with elite athletes, and operational strategy changes – all essential for understanding UA's market position.
Key content categories feature financial performance reports, technological advancements in sportswear design, retail expansion initiatives, and sustainability efforts. Each update is meticulously organized to help stakeholders track the company's progress within the competitive athletic apparel sector.
Bookmark this page for streamlined access to Under Armour's latest developments. Check regularly for new announcements that could impact market analysis or investment considerations in the dynamic sportswear industry.
Under Armour (NYSE: UA, UAA) reported Q1 fiscal 2025 results, with revenue down 10% to $1.2 billion. The company saw declines across regions and categories, with North America revenue down 14% and international revenue down 2%. Gross margin improved by 110 basis points to 47.5%, driven by lower discounting and product costs. However, the company reported an operating loss of $300 million, largely due to a litigation reserve.
Under Armour updated its fiscal 2025 outlook, expecting revenue to decline at a low double-digit percentage rate. The company anticipates a gross margin improvement of 75 to 100 basis points and projects an adjusted operating income of $140 to $160 million. Under Armour also announced a $500 million stock repurchase plan, with $40 million already executed in Q1.
Under Armour (NYSE: UA, UAA) has announced the appointment of Eric Liedtke as Executive Vice President of Brand Strategy, following the acquisition of UNLESS COLLECTIVE, INC. Liedtke, a former adidas Group executive with a 26-year career, will join UA after the completion of the UNLESS acquisition later this week. He will be responsible for amplifying Under Armour's brand identity, strategic planning, and executing growth initiatives.
Liedtke's role will include overseeing UA's brand presence through various marketing functions and strategy. His experience in driving exceptional growth in the sports industry is expected to be a significant asset for Under Armour. The move aims to elevate the brand, enable deeper loyalty, and drive growth among new and existing consumers.
Under Armour (NYSE: UA, UAA) has announced its upcoming first quarter fiscal 2025 earnings conference call, scheduled for August 8, 2024. The company plans to release its financial results for the quarter ended June 30, 2024, at approximately 7:00 a.m. Eastern Time, followed by a conference call at 8:30 a.m. ET to review the results. Investors and interested parties can access the live webcast and archived recording of the call on Under Armour's investor relations website.
Under Armour, headquartered in Baltimore, Maryland, is a leading innovator and distributor of athletic performance apparel, footwear, and accessories. The company focuses on empowering human performance through its innovative products and experiences.
Under Armour (NYSE: UA) reported its unaudited Q4 and full-year fiscal 2024 results, showing a 5% revenue drop to $1.3 billion for Q4, and a 3% decline to $5.7 billion for the full year. North America revenue fell 10% in Q4, while international revenue rose 7%. Gross margin increased 170 basis points to 45% in Q4, driven by lower product and freight costs. Net income for Q4 was $7 million, with adjusted net income at $49 million. For full-year fiscal 2024, net income was $232 million, with adjusted net income at $245 million. Under Armour announced a $500 million share repurchase program and a fiscal 2025 restructuring plan, anticipating a low-double-digit percentage revenue decline. This includes a 15-17% drop in North America and a low-single-digit decrease in international revenue, with expected operating income of $50 to $70 million.
Under Armour, Inc. (NYSE: UA, UAA) is set to announce its fourth quarter and full-year fiscal 2024 results on May 16, 2024. The conference call will be held at 8:30 a.m. ET following a news release at 6:55 a.m. ET. Under Armour is a leading company in athletic performance apparel, footwear, and accessories, aiming to enhance human performance through innovative products.
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