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Under Armour, Inc. Class C - UA STOCK NEWS

Welcome to our dedicated page for Under Armour Class C news (Ticker: UA), a resource for investors and traders seeking the latest updates and insights on Under Armour Class C 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.

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Under Armour, Inc. announced its unaudited financial results for the third quarter fiscal 2024, reporting a 6% decrease in revenue to $1.5 billion. Despite a mixed retail environment, the company delivered better than anticipated profitability and remains on track to achieve its full-year outlook. Wholesale revenue decreased 13%, while direct-to-consumer revenue increased 4%. North America revenue decreased 12%, and international revenue increased 7%. Apparel revenue decreased 6%, and footwear revenue was down 7%. Gross margin increased 100 basis points to 45.2%, and operating income was $70 million. The company also repurchased $25 million of its Class C common stock during the third quarter.
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Under Armour, Inc. (UA, UAA) is set to release its third quarter fiscal 2024 results on February 8, 2024. The news release will be followed by a conference call hosted by Under Armour management to review the results.
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Celanese Corporation and Under Armour, Inc. have collaborated to develop NEOLAST™ Fiber, an alternative to elastane for performance stretch fabrics. The new fiber offers powerful stretch, durability, comfort, and improved wicking while addressing sustainability challenges associated with elastane, including recyclability. It is produced using a proprietary solvent-free process and recyclable elastoester polymers, potentially improving the compatibility of stretch fabrics with future recycling systems and infrastructure.
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Under Armour, Inc. (NYSE: UA, UAA) appoints Yassine Saidi as Chief Product Officer and Kara Trent as President of the Americas, aiming to strengthen brand innovation and growth strategies.
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Under Armour, Inc. (NYSE: UA, UAA) announced unaudited financial results for its second quarter fiscal 2024, reporting flat revenue of $1.6 billion, with a 3% increase in direct-to-consumer revenue and a 5% rise in international revenue. Gross margin increased to 48.0%, and net income was $110 million. The company maintained its fiscal 2024 operating income and EPS outlook despite lowering revenue expectations due to challenges in North America.
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Under Armour announces the signing of De'Aaron Fox as the first signature athlete for Curry Brand, a multi-year partnership that aims to expand the brand's reach in basketball and beyond.
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Under Armour to release Q2 fiscal 2024 results on November 8, 2023
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Verisk’s former CEO Stephenson and Under Armour’s former COO Browne join Worldly to support global growth and impact acceleration efforts
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Under Armour reports unaudited financial results for Q1 fiscal 2024, revenue down 2% to $1.3B, maintaining outlook for fiscal 2024.
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FAQ

What is the current stock price of Under Armour Class C (UA)?

The current stock price of Under Armour Class C (UA) is $8.97 as of November 15, 2024.

What is the market cap of Under Armour Class C (UA)?

The market cap of Under Armour Class C (UA) is approximately 3.7B.

What does Under Armour, Inc. specialize in?

Under Armour, Inc. specializes in manufacturing footwear, sports, and casual apparel designed to enhance athletic performance.

How does Under Armour distribute its products?

Under Armour distributes its products through wholesale channels, direct-to-consumer sales, e-commerce platforms, and over 400 factory house and brand house stores.

Who are some of Under Armour's key partners?

Key partners include professional athletes like Stephen Curry and De'Aaron Fox, who collaborate on the Curry Brand to innovate game-changing footwear and apparel.

What digital services does Under Armour offer?

Under Armour offers digital services through its MapMyFitness app, which helps users track and improve their fitness routines.

What recent financial achievements has Under Armour reported?

Under Armour has reported exceeding profitability expectations in recent quarters and has engaged in significant stock buybacks to enhance shareholder value.

What initiatives does Under Armour have for community engagement?

Under Armour promotes community engagement through initiatives like UA Next programs, Curry Camp, and the Curry Brand's mission to support youth sports in under-resourced communities.

How does Under Armour ensure product innovation?

Under Armour focuses on developing high-performance products through continuous innovation and collaborations with top athletes, ensuring that their products meet the highest standards.

What markets does Under Armour operate in?

Under Armour operates in multiple regions, including North America, Asia-Pacific, Europe, and other global markets, catering to a wide range of athletic and casual wear consumers.

How is Under Armour involved in the basketball industry?

Under Armour is deeply involved in the basketball industry through its Curry Brand, which collaborates with athletes like Stephen Curry and De'Aaron Fox to develop innovative basketball footwear and apparel.

What is Under Armour's mission?

Under Armour's mission is to empower athletes with high-performance products and to make a positive impact on communities through sports and active lifestyles.

Under Armour, Inc. Class C

NYSE:UA

UA Rankings

UA Stock Data

3.74B
209.12M
9.15%
68.4%
2.05%
Apparel Manufacturing
Apparel & Other Finishd Prods of Fabrics & Similar Matl
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United States of America
BALTIMORE