Under Armour Stock Price, News & Analysis

Under Armour, Inc. (NYSE: UA, UAA) will announce its fourth quarter and full-year fiscal 2023 results on May 9, 2023, at 6:55 a.m. ET. The results will cover the period ending on March 31, 2023. Following the announcement, management will host a live conference call at approximately 8:30 a.m. ET to discuss the financial outcomes. The call will be available for live streaming and will be archived for later access. Under Armour is recognized for its innovation in athletic performance apparel, footwear, and accessories, aiming to enhance human performance. For more detailed financial information, visit their investor relations page.

Under Armour has renewed its partnership with Stephen Curry, enhancing their collaboration to drive global business growth and community impact. This partnership focuses on innovative product solutions across various sports categories and aims to broaden Curry Brand's reach. Curry will take on the role of President of Curry Brand, amplifying his influence on product development and marketing strategies. The initiative also includes increased funding for community programs, striving to renovate courts and train coaches by 2025. The commitment expressed by both parties underscores their shared vision for athlete empowerment and community support.

Under Armour, Inc. reported third-quarter fiscal 2023 results, highlighting a 3% revenue increase to $1.6 billion (7% currency neutral). Wholesale revenue rose 7% to $820 million, while direct-to-consumer fell 1% to $715 million. North America revenue decreased by 2% to $1 billion, but international revenue surged by 14% to $527 million. Gross margin declined by 650 basis points to 44.2%. Net income was $122 million, with diluted EPS at $0.27. The company continues a share repurchase program, having bought back 35 million shares for $425 million. The fiscal 2023 outlook remains stable with expected diluted EPS between $0.71 and $0.75.

Under Armour (NYSE: UA, UAA) announces the appointment of Carolyn Everson and Patrick Whitesell to its Board of Directors, effective February 1, 2023. Harvey Sanders, a long-standing board member, is set to retire on March 31, 2023. Everson brings extensive experience from roles at Instacart and Meta Platforms, while Whitesell has a background in sports and entertainment as Executive Chairman of Endeavor Group Holdings. Under Armour's Executive Chair, Kevin Plank, expressed optimism about these additions, highlighting their potential to enhance the company’s global brand and digital growth.

Under Armour, Inc. (NYSE: UA, UAA) is set to release its third quarter fiscal 2023 results on February 8, 2023, at 6:55 a.m. ET. The report will cover the period ending December 31, 2022. Following the release, a conference call will be hosted by Under Armour management at approximately 8:30 a.m. ET to discuss the earnings results. Investors can access the live webcast and archived information via the company's financial page.

Under Armour, headquartered in Baltimore, Maryland, specializes in branded athletic performance apparel, footwear, and accessories, designed to enhance human performance.