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 plans to release its third-quarter earnings results for the period ending September 30, 2020, on October 30, 2020, at 6:55 a.m. EDT. Following the release, management will conduct a conference call at approximately 8:30 a.m. EDT to discuss the results. The call will be available for live webcast and replay through Under Armour's investor relations website. Under Armour is known for its innovative athletic performance apparel, footwear, and accessories.
Under Armour, Inc. (NYSE: UA, UAA) will close all U.S. retail locations for Thanksgiving on November 26, 2020, reopening on November 27. This decision supports over 6,000 retail employees, allowing them to celebrate the holiday. CEO Patrik Frisk emphasized the unpredictability of the year and the importance of recognizing team achievements. Under Armour aims to prioritize employee well-being while maintaining customer service throughout the holiday season.
Under Armour, Inc. has appointed Wes Moore, CEO of the Robin Hood Foundation, to its Board of Directors, effective October 1, 2020. Moore brings significant philanthropic experience, having distributed over $3 billion to combat poverty and promote racial justice. His leadership is expected to enhance Under Armour's community engagement and drive brand growth. Kevin Plank, Executive Chairman, expressed excitement over Moore's strategic insights, linking his background to the company’s mission of integrating purpose into business.
Under Armour reported its second-quarter financial results on July 31, 2020, revealing a 41% revenue decline to $708 million due to COVID-19 disruptions. Wholesale revenue fell 58% to $299 million, while direct-to-consumer revenue decreased 13% to $368 million. North America saw a 45% revenue drop. Despite a 280 basis point improvement in gross margin to 49.3%, the company posted a net loss of $183 million. Under Armour ended the quarter with $1.1 billion in cash and cash equivalents, though it remains cautious about ongoing market uncertainties.
Under Armour, Inc. (NYSE: UA, UAA) will release its second quarter earnings for the period ending June 30, 2020, on July 31, 2020, at 6:55 a.m. ET. Following this announcement, management will host a conference call at 8:30 a.m. ET to discuss the results. The event will be webcast live and available for replay approximately three hours after the call. This earnings report is anticipated to provide insights into the company's financial performance during a challenging economic period.