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. (symbol: UAA) is a prominent designer, marketer, and distributor of performance apparel, footwear, and accessories. Headquartered in Baltimore, Maryland, the company was founded in 1996 by Kevin Plank, a former University of Maryland football player. Under Armour revolutionized athletic wear with its innovative moisture-wicking technology, starting with a superior t-shirt aimed at keeping athletes cool, dry, and light.
The company's product lineup is extensive, catering to men, women, and youth. Their offerings are categorized under three main brands: HeatGear® for hot conditions, ColdGear® for cold conditions, and AllSeasonGear® for in-between weather. This diverse product range is designed to enhance athletic performance by regulating body temperature and improving comfort.
Under Armour operates globally, with a significant presence in North America, Asia-Pacific, and Europe. They serve a broad market that includes professional and amateur athletes, sponsored college and professional teams, as well as individuals with active lifestyles. The company utilizes multiple sales channels, including direct-to-consumer models through e-commerce and over 400 combined factory and brand house stores, along with wholesale distribution.
One of Under Armour's key digital assets is the MapMyFitness app, which allows users to track their fitness activities and goals. This move highlights the company's commitment to integrating technology and fitness, providing comprehensive solutions for athletes.
In recent business updates, Under Armour reported unaudited financial results for the second quarter of fiscal 2024, noting profitability that exceeded expectations despite lowered revenue forecasts for North America. The company also completed a significant share buyback program, repurchasing $475 million worth of Class C common stock as of September 30, 2023. Additionally, Under Armour signed a multi-year NIL partnership with University of South Carolina guard MiLaysia Fulwiley and announced a multi-year partnership with USA Football through the 2028 Summer Olympics.
Under Armour's mission is to make all athletes better through passion, design, and relentless innovation. The company's strategic priorities focus on maintaining a balanced approach to profitability while investing in talent, systems, and processes aimed at long-term growth. Recent financial reports highlighted disciplined expense control and a strong balance sheet despite a challenging retail environment.
Under Armour (NYSE: UAA, UA) hosted an investor meeting in New York City, outlining its strategic initiatives and reiterating its fiscal 2025 outlook. The company presented four key pillars of its strategy: Product, Story, Service, and Team. The product strategy focuses on streamlining creation and merchandising, while the story pillar emphasizes consumer-led operations and brand positioning. The service pillar details region-specific commercial strategies across Americas, EMEA, and Asia-Pacific markets.
CEO Kevin Plank highlighted plans for a strengthened product lineup in Fall 2025, emphasizing the company's underdog brand positioning and disciplined marketplace management. The company aims to improve its execution through experienced leadership and optimize capacity utilization to drive sustainable, profitable growth for shareholders.
Under Armour has announced an upcoming investor meeting scheduled for December 12, 2024, in New York City. The event will feature President & Chief Executive Officer Kevin Plank and other senior executives who will provide detailed updates on the company's product, brand, and commercial strategies. The presentation will focus on initiatives to strengthen Under Armour's premium positioning and improve long-term shareholder value.
The invitation-only event will be webcast live from 9:00 a.m. to 12:30 p.m. ET and will be archived on the company's investor relations website. Under Armour, based in Baltimore, Maryland, continues its role as a leading provider of athletic performance apparel, footwear, and accessories.
Under Armour reported Q2 fiscal 2025 results with revenue down 11% to $1.4 billion. Despite revenue decline, gross margin increased 200 basis points to 49.8%. North America revenue decreased 13% to $863 million, while international revenue fell 6% to $538 million. The company reported net income of $170 million and adjusted diluted EPS of $0.30.
The company raised its fiscal 2025 outlook, expecting improved gross margin of 125-150 basis points, and adjusted operating income of $165-185 million. The restructuring plan range was increased to $140-160 million, with anticipated completion during fiscal 2025 and 2026.
Under Armour, Inc. (NYSE: UA, UAA) has announced the date for its second quarter fiscal 2025 earnings conference call. The company plans to release its financial results for the quarter ended September 30, 2024, on November 7, 2024. The news release is scheduled for approximately 6:55 a.m. Eastern Time (ET), followed by a conference call at around 8:30 a.m. ET where Under Armour management will review the results.
The call will be webcast live and archived on the company's investor relations website. Under Armour, headquartered in Baltimore, Maryland, is a leading inventor, marketer, and distributor of branded athletic performance apparel, footwear, and accessories. The company's products are designed to empower human performance and are engineered to make athletes better.
Under Armour (NYSE: UAA, UA) has updated its Fiscal 2025 restructuring plan, expanding the expected pre-tax charges to $140-$160 million, up from the previous $70-$90 million. The increase is largely due to the decision to exit a primary distribution facility in Rialto, California by March 2026. The charges include up to $75 million in cash-related expenses and $85 million in non-cash charges. As a result, Under Armour has revised its Fiscal 2025 outlook, now expecting an operating loss of $220-$240 million, compared to the previous $194-$214 million. Adjusted operating income is projected at $140-$160 million, with adjusted diluted earnings per share expected to be $0.19-$0.22.
Under Armour (NYSE: UA, UAA) reported Q1 fiscal 2025 results, with revenue down 10% to $1.2 billion. The company saw declines across regions and categories, with North America revenue down 14% and international revenue down 2%. Gross margin improved by 110 basis points to 47.5%, driven by lower discounting and product costs. However, the company reported an operating loss of $300 million, largely due to a litigation reserve.
Under Armour updated its fiscal 2025 outlook, expecting revenue to decline at a low double-digit percentage rate. The company anticipates a gross margin improvement of 75 to 100 basis points and projects an adjusted operating income of $140 to $160 million. Under Armour also announced a $500 million stock repurchase plan, with $40 million already executed in Q1.
Under Armour (NYSE: UA, UAA) has announced the appointment of Eric Liedtke as Executive Vice President of Brand Strategy, following the acquisition of UNLESS COLLECTIVE, INC. Liedtke, a former adidas Group executive with a 26-year career, will join UA after the completion of the UNLESS acquisition later this week. He will be responsible for amplifying Under Armour's brand identity, strategic planning, and executing growth initiatives.
Liedtke's role will include overseeing UA's brand presence through various marketing functions and strategy. His experience in driving exceptional growth in the sports industry is expected to be a significant asset for Under Armour. The move aims to elevate the brand, enable deeper loyalty, and drive growth among new and existing consumers.
Under Armour (NYSE: UA, UAA) has announced its upcoming first quarter fiscal 2025 earnings conference call, scheduled for August 8, 2024. The company plans to release its financial results for the quarter ended June 30, 2024, at approximately 7:00 a.m. Eastern Time, followed by a conference call at 8:30 a.m. ET to review the results. Investors and interested parties can access the live webcast and archived recording of the call on Under Armour's investor relations website.
Under Armour, headquartered in Baltimore, Maryland, is a leading innovator and distributor of athletic performance apparel, footwear, and accessories. The company focuses on empowering human performance through its innovative products and experiences.
The University of Maryland and Under Armour have announced a 12-year extension of their partnership, continuing their collaboration through 2036. This renewal underscores their commitment to supporting student-athletes both on and off the field.
Under Armour, founded by Maryland alum Kevin Plank, has been the exclusive outfitter for Maryland's varsity teams since 2009. Since then, Maryland has won 19 National Championships and 49 Big Ten conference championships. The new agreement also expands Under Armour's support to club and intramural teams within the University's Department of Recreation and Wellness.
The partnership will also feature a new NIL Brand Ambassador Program, allowing student-athletes to earn compensation for promoting Under Armour products on social media. The collaboration will include marketing efforts and grassroots activations, aiming to enhance the student-athlete experience with innovative products.
USA Football and Under Armour have entered into a multi-year partnership through the 2028 Summer Olympics. Under Armour will serve as the Official and Exclusive Uniform, Apparel, and Footwear Partner of USA Football, including U.S. National Teams. This partnership aims to grow football participation by providing innovative gear and support from youth levels to the Olympics. Under Armour will outfit the first Olympic flag football team, marking the sport's debut in the 2028 Games. The collaboration will also support USA Football's growth initiatives and high-performance pathways for athletes and coaches. The partnership began with the recent training camp for the U.S. Men's and Women's Flag National Teams preparing for the IFAF's Flag Football World Championships.
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