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.
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Under Armour, Inc. (NYSE: UA, UAA) will announce its fourth quarter and full-year fiscal 2023 results on May 9, 2023, at 6:55 a.m. ET. The results will cover the period ending on March 31, 2023. Following the announcement, management will host a live conference call at approximately 8:30 a.m. ET to discuss the financial outcomes. The call will be available for live streaming and will be archived for later access. Under Armour is recognized for its innovation in athletic performance apparel, footwear, and accessories, aiming to enhance human performance. For more detailed financial information, visit their investor relations page.
Under Armour has renewed its partnership with Stephen Curry, enhancing their collaboration to drive global business growth and community impact. This partnership focuses on innovative product solutions across various sports categories and aims to broaden Curry Brand's reach. Curry will take on the role of President of Curry Brand, amplifying his influence on product development and marketing strategies. The initiative also includes increased funding for community programs, striving to renovate courts and train coaches by 2025. The commitment expressed by both parties underscores their shared vision for athlete empowerment and community support.
Under Armour, Inc. reported third-quarter fiscal 2023 results, highlighting a 3% revenue increase to $1.6 billion (7% currency neutral). Wholesale revenue rose 7% to $820 million, while direct-to-consumer fell 1% to $715 million. North America revenue decreased by 2% to $1 billion, but international revenue surged by 14% to $527 million. Gross margin declined by 650 basis points to 44.2%. Net income was $122 million, with diluted EPS at $0.27. The company continues a share repurchase program, having bought back 35 million shares for $425 million. The fiscal 2023 outlook remains stable with expected diluted EPS between $0.71 and $0.75.
Under Armour (NYSE: UA, UAA) announces the appointment of Carolyn Everson and Patrick Whitesell to its Board of Directors, effective February 1, 2023. Harvey Sanders, a long-standing board member, is set to retire on March 31, 2023. Everson brings extensive experience from roles at Instacart and Meta Platforms, while Whitesell has a background in sports and entertainment as Executive Chairman of Endeavor Group Holdings. Under Armour's Executive Chair, Kevin Plank, expressed optimism about these additions, highlighting their potential to enhance the company’s global brand and digital growth.
Under Armour, Inc. (NYSE: UA, UAA) is set to release its third quarter fiscal 2023 results on February 8, 2023, at 6:55 a.m. ET. The report will cover the period ending December 31, 2022. Following the release, a conference call will be hosted by Under Armour management at approximately 8:30 a.m. ET to discuss the earnings results. Investors can access the live webcast and archived information via the company's financial page.
Under Armour, headquartered in Baltimore, Maryland, specializes in branded athletic performance apparel, footwear, and accessories, designed to enhance human performance.
Under Armour announced the appointment of Stephanie Linnartz as President and CEO, effective February 27, 2023. Previously the president of Marriott International, Linnartz is recognized for her strategic leadership in digital transformation and brand growth. Under Armour's Executive Chair, Kevin Plank, expressed confidence in her ability to enhance the company's market opportunities. Following her appointment, Colin Browne, the interim CEO since June 2022, will transition back to his role as COO, continuing to support the leadership team.