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. reports developments tied to its performance athletic apparel, footwear and accessories business. Company news commonly centers on quarterly and annual financial results, outlook updates, restructuring actions, brand and product initiatives, wholesale and direct-to-consumer activity, and partnerships in sports and youth athletics.
Under Armour operates across North America, Asia-Pacific, Europe and Latin America through wholesale partners, company-owned digital channels and company-operated stores. Updates also cover portfolio moves such as the UNLESS regenerative apparel platform, leadership changes, and efforts to focus the Under Armour brand within the competitive athletic-wear market.
Under Armour, Inc. (NYSE: UAA) announced a settlement with the SEC concerning past disclosures related to 'pull forward' sales from Q3 2015 to Q4 2016. The company will pay a civil penalty of $9.0 million, resolving all SEC claims without any admission of guilt. Importantly, the SEC confirmed no enforcement action against management. The company is also responding to DOJ requests but has not received any since Q2 2020.
Under Armour, Inc. (NYSE: UA, UAA) will announce its first-quarter results for the period ending March 31, 2021, on May 4, 2021, at 6:55 a.m. ET. A conference call with management to discuss the results will follow at approximately 8:30 a.m. ET. This call will be accessible via a live webcast, with a replay available three hours after the event concludes. Under Armour is known for its innovative athletic performance apparel, footwear, and accessories, aimed at enhancing athletic performance.
BSN SPORTS and Under Armour have announced the recipients of the inaugural Women of Will Hall of Fame Awards, recognizing top Athletic Directors for empowering female athletes. This program aims to uplift women in sports, with this year’s awardees including Gerald McGregory and Joe Martin. The Women of Will program has expanded to 240 partners nationwide, offering exclusive benefits like Under Armour apparel. The program also includes Graduation Awards for standout female athletes nominated by their schools, promoting both athletic and academic excellence.
Under Armour reported mixed financial results for Q4 and the fiscal year 2020, with revenues down 3% to $1.4 billion in Q4 and 15% to $4.5 billion for the year. Despite a 12% decline in wholesale revenue, direct-to-consumer sales rose 11%, highlighting strong eCommerce demand. Notably, a gain of $182 million from the sale of MyFitnessPal contributed significantly to net income of $184 million. Under Armour anticipates a high-single-digit revenue increase in 2021, albeit with ongoing COVID-19 uncertainties.
Under Armour, Inc. (NYSE: UA, UAA) is set to release its fourth quarter and full year results for the period ending December 31, 2020, on February 10, 2021, at 6:55 a.m. EST. Following the announcement, management will host a conference call at approximately 8:30 a.m. EST to discuss the results. The call will be available via webcast and later for replay. Under Armour focuses on creating branded athletic performance apparel, footwear, and accessories aimed at enhancing athletic performance.
Under Armour completed the sale of its MyFitnessPal platform to Francisco Partners for $345 million, finalizing an agreement first announced on October 30, 2020. The transaction includes potential earn-out payments and was financed through MidCap Financial. This strategic move reflects Under Armour's focus on enhancing its core business in branded athletic performance apparel, footwear, and accessories. The company aims to empower human performance through innovative products.
Under Armour, in collaboration with NBA star Stephen Curry, has launched the Curry Brand, aimed at providing equitable access to sports for young people. The initiative targets youth in under-resourced communities, with plans to support over 100,000 young athletes by 2025. The Curry Brand will offer footwear, apparel, and accessories, with the performance basketball line debuting on December 11. This partnership emphasizes social responsibility, striving to close the gap between talent and opportunity in youth sports.
Under Armour (NYSE: UA, UAA) reported its third-quarter financial results for 2020, with revenue flat at $1.4 billion. Direct-to-consumer sales rose 17% to $540 million, while wholesale revenue fell 7% to $830 million. Despite a 5% drop in North America, international revenue grew 18%. Operating income stood at $59 million, with a net income of $39 million. The company anticipates a high-teen percentage revenue decline for the full year, primarily due to COVID-19 impacts, along with a projected operating loss of $800 million to $860 million.
Under Armour, Inc. (NYSE: UA, UAA) announced a definitive agreement to sell its MyFitnessPal platform to Francisco Partners for $345 million. This move is part of Under Armour's transformation strategy, allowing for better alignment with its digital strategy and investment flexibility to enhance shareholder value. The transaction is expected to close in Q4 2020, pending regulatory approvals. Alongside this sale, Under Armour will discontinue its Endomondo platform at the end of 2020, while continuing its focus on the MapMyFitness platform.
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.