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. 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) 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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