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.
Under Armour, Inc. (symbol: UA) is an American sports equipment company renowned for manufacturing high-quality footwear, sports, and casual apparel. Founded in 1996 and headquartered in Baltimore, Maryland, Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories across North America, Asia-Pacific, Europe, and other regions. It serves a diverse range of consumers, including professional and amateur athletes, sponsored college and professional teams, and individuals leading active lifestyles.
Under Armour's products are available through various channels, including wholesale channels such as national and regional sporting goods chains, independent and specialty retailers, department store chains, and mono-branded Under Armour retail stores. Additionally, the company operates direct-to-consumer sales through e-commerce platforms and more than 400 combined factory house and brand house stores. Under Armour also runs a digital fitness app, MapMyFitness, enhancing its digital presence and consumer engagement.
The company's innovative product line focuses on performance-driven clothing and shoes designed to empower athletes. Under Armour's recent achievements include signing Sacramento Kings Point Guard De'Aaron Fox as the first signature athlete with Curry Brand, alongside Stephen Curry. This partnership aims to expand Curry Brand's influence in the basketball space and beyond, promoting innovative footwear and apparel. Additionally, Under Armour has reported robust financial performance in its recent fiscal quarters, including significant stock buybacks to enhance shareholder value.
Under Armour's commitment to innovation, high-performance products, and strategic partnerships solidifies its position as a leading brand in the sportswear industry. The company's dedication to empowering athletes and fostering community engagement through initiatives like UA Next programs and Curry Camp reinforces its mission to make a positive impact on and off the field.
Under Armour (NYSE: UA) reported its unaudited Q4 and full-year fiscal 2024 results, showing a 5% revenue drop to $1.3 billion for Q4, and a 3% decline to $5.7 billion for the full year. North America revenue fell 10% in Q4, while international revenue rose 7%. Gross margin increased 170 basis points to 45% in Q4, driven by lower product and freight costs. Net income for Q4 was $7 million, with adjusted net income at $49 million. For full-year fiscal 2024, net income was $232 million, with adjusted net income at $245 million. Under Armour announced a $500 million share repurchase program and a fiscal 2025 restructuring plan, anticipating a low-double-digit percentage revenue decline. This includes a 15-17% drop in North America and a low-single-digit decrease in international revenue, with expected operating income of $50 to $70 million.
Under Armour, Inc. (NYSE: UA, UAA) is set to announce its fourth quarter and full-year fiscal 2024 results on May 16, 2024. The conference call will be held at 8:30 a.m. ET following a news release at 6:55 a.m. ET. Under Armour is a leading company in athletic performance apparel, footwear, and accessories, aiming to enhance human performance through innovative products.
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