Under Armour, Inc. reports developments tied to its performance athletic apparel, footwear and accessories business across North America, Asia-Pacific, Europe and Latin America. News typically covers quarterly earnings releases, fiscal outlook updates, brand strategy, product focus and the company’s wholesale, digital and owned-store channels.
Company updates also address restructuring actions, leadership changes, basketball and core brand initiatives, and acquired brands such as UNLESS, a regenerative footwear and apparel business acquired in 2024. Under Armour’s public communications often reference both UA Class C and UAA Class A common stock as part of its public-company profile.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.