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.
The Under Armour, Inc. Class C Common Stock (UA) news page on Stock Titan aggregates company-specific updates, earnings announcements, restructuring disclosures, and capital markets activity related to Under Armour. The company, headquartered in Baltimore, Maryland, develops, markets, and distributes branded athletic performance apparel, footwear, and accessories, and regularly communicates with investors through press releases and SEC filings.
Recent news coverage includes quarterly and annual financial results prepared in accordance with U.S. GAAP, along with non-GAAP "adjusted" and "currency neutral" metrics that management uses to discuss underlying performance. These releases provide detail on revenue by product category, channel, and geography; gross margin drivers such as tariffs, supply chain costs, and product mix; and trends in selling, general, and administrative expenses, including marketing investments and transformation costs.
Investors following UA news will also see updates on Under Armour’s fiscal 2025 restructuring plan, which is intended to improve financial and operational efficiencies. News items describe the scope of restructuring and related charges, the Board-approved expansion of the plan, and the expected timing of completion. The separation of Curry Brand from Under Armour, including commentary on the company’s global basketball business and its focus on the core UA brand, is another key topic in recent releases.
Additional news themes include share repurchase activity for Class C common stock, private offerings of senior notes and related refinancing of existing notes, and scheduled earnings conference calls and webcasts. Leadership changes, such as the planned transition in the Chief Financial Officer role, are also disclosed through press releases and corresponding Form 8-K filings. By reviewing the UA news feed, readers can track how Under Armour communicates its strategy, restructuring progress, capital allocation decisions, and executive transitions over time.
Under Armour reported a 9% rise in Q4 2021 revenue to $1.5 billion, achieving $5.7 billion for the full year, up 27%. Direct-to-consumer sales increased 10%, while wholesale grew by 16%. Apparel and footwear segments saw notable revenue increases of 18% and 17%, respectively. Gross margin improved to 50.7%, though SG&A expenses rose 15%. The company projects mid-single-digit revenue growth for Q1 2022 but anticipates a 200 basis point decline in gross margin due to supply chain challenges. Adjusted EPS for Q4 was $0.14, with a full-year EPS of $0.85.
Under Armour, Inc. (NYSE: UA, UAA) will release its fourth quarter and fiscal year results for the period ending December 31, 2021, on February 11, 2022, at 6:55 a.m. ET. A conference call hosted by Under Armour management will follow at approximately 8:30 a.m. ET to discuss the results. The call will be available for live webcast and replay on their investor relations site.
Under Armour (NYSE: UA, UAA) has migrated its SAP workloads to Amazon Web Services (AWS), enhancing reliability and scalability. This strategic move aims to improve operational efficiency across various business functions, including design, manufacturing, and sales. With the migration, Under Armour can leverage AWS's capabilities in analytics and machine learning to optimize product innovation and enhance consumer experiences. The transition was completed in under six months, utilizing AWS's Professional Services for a robust disaster recovery solution.
Under Armour reported third-quarter 2021 results with an 8% revenue increase to $1.5 billion. Direct-to-consumer revenue rose 12%, while wholesale revenue grew 10%. North America revenue was up 8%, and international revenue surged 18%. Apparel revenue increased 14%, but accessories revenue dropped 13%. Gross margin improved to 51%, though operational expenses rose 8% to $599 million. The company raised its full-year revenue outlook to approximately 25% growth. Adjusted diluted EPS is now expected to be around $0.74. COVID-19 disruptions remain a concern.
Under Armour, Inc. plans to announce its third-quarter earnings for the period ending September 30, 2021, on November 2, 2021, at 6:55 a.m. ET. A conference call to discuss the results will follow at approximately 8:30 a.m. ET. This event will also be available via a live webcast, with a replay offered approximately three hours after its conclusion. Under Armour continues to position itself as a leader in branded athletic performance apparel and footwear, focused on enhancing athlete performance.
Under Armour (NYSE: UA, UAA) announced the appointment of Massimo Baratto as the new Chief Consumer Officer, effective November 1. Previously the Managing Director for EMEA, Baratto’s new role will focus on enhancing Under Armour's consumer strategy, overseeing global marketing, eCommerce, and retail. Kara Trent will succeed him as the Senior Vice President/General Manager of EMEA. Additionally, Alessandro de Pestel, the Chief Marketing Officer, will depart in February 2022. This leadership change aims to strengthen Under Armour's market position.
Under Armour announced an agreement to exchange approximately $169.1 million of its 1.50% Convertible Senior Notes due 2024 for cash and Class C common stock. This exchange affects about 68% of the principal amount of the 2024 Notes, leaving $80.9 million outstanding. The deal will reduce annual interest payments by about $2.5 million.
Additionally, Under Armour entered into termination agreements for capped call transactions, enabling cash settlements linked to the stock's price, effective from August 23, 2021.
Under Armour announced the appointment of David Gibbs to its Board of Directors, effective September 1, 2021. Currently CEO of Yum! Brands, Gibbs brings extensive experience in global brand management and consumer focus, which Under Armour aims to leverage for growth. Executive Chairman Kevin Plank expressed enthusiasm about Gibbs' potential contributions to the company's ongoing transformation and growth strategy. Gibbs joins Under Armour after a successful tenure at Yum!, where he played a crucial role in its financial and operational strategies.
Under Armour reported a strong second quarter for 2021, with revenues reaching $1.4 billion, a 91% increase compared to the previous year. Notably, wholesale revenue surged by 157%. The company raised its full-year outlook, projecting revenues to grow at a low twenties percentage rate. Gross margin improved to 49.5%, and the company achieved net income of $59 million. However, challenges remain, including potential impacts from COVID-19 and restructuring costs of $483 million recognized to date. Cash reserves stood at $1.3 billion with no outstanding debt.
Under Armour, Inc. (NYSE: UA, UAA) will announce its second quarter earnings for the period ending June 30, 2021, on August 3, 2021, at 6:55 a.m. ET. Following the earnings release, a conference call will occur at approximately 8:30 a.m. ET, where management will discuss the results. This event will be webcast live and accessible for replay three hours after the call. As a leader in branded athletic performance apparel, Under Armour continues to focus on innovative products to enhance athletic performance.