Welcome to our dedicated page for Under Armour news (Ticker: UAA), a resource for investors and traders seeking the latest updates and insights on Under Armour stock.
Under Armour, Inc. (NYSE: UAA, UA) is a Baltimore, Maryland-based manufacturer and marketer of branded athletic performance apparel, footwear, and accessories. The UAA news feed on Stock Titan aggregates the company’s press releases and market-moving updates so readers can follow how management decisions, restructuring efforts, and brand initiatives are reflected in official communications.
Company news frequently centers on quarterly and annual financial results, where Under Armour reports revenue by product category, channel, and geography, along with gross margin, operating income or loss, and net income or loss. These releases also present non-GAAP metrics such as adjusted operating income, adjusted net income, and currency-neutral performance, with explanations of how these measures differ from GAAP results.
Another recurring theme in Under Armour’s news is its fiscal 2025 restructuring plan and subsequent expansion of restructuring and transformation initiatives. Updates describe restructuring charges, transformation expenses, expected timing of remaining charges, and how these actions influence the company’s outlook for adjusted operating income and operating loss on a GAAP basis.
Investors and followers of the brand will also see announcements about capital structure and financing, including the offering and pricing of 7.250% Senior Notes due 2030 and the planned use of proceeds to address existing senior notes due 2026. News items cover share repurchase activity under a multi-year authorization, detailing repurchased Class C shares and total amounts spent.
Leadership and governance developments appear in the news flow as well, such as the appointment of a new Executive Vice President and Chief Financial Officer, transitions of existing executives into advisory roles, and updates on the annual meeting of stockholders. Strategic brand updates, including the planned separation of Curry Brand from Under Armour and the company’s stated focus on its core UA brand and UA Basketball products, provide additional context for the company’s direction.
By reviewing these items in one place, readers can track Under Armour’s operational performance, restructuring progress, capital markets activity, and key corporate decisions as disclosed in its own news releases.
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.