Under Armour Inc

UA

Equity

ISIN US9043111072 / Valor 31965985

CTA NASDAQ OMX Stock Exchange (2024-12-24)

USD 7.60-0.33%

Under Armour Inc
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About company

Under Armour Inc is a global athletic performance apparel, footwear, and accessories company that aims to provide everyone with the opportunity to participate in sports. The company is dedicated to breaking down barriers and creating opportunities for millions of youth to engage in sports by 2030. Under Armour's commitment to promoting active lifestyles and empowering individuals through sports is evident in their innovative products and partnerships with athletes worldwide.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Decline

In the fourth quarter of fiscal 2024, Under Armour Inc. reported a 3% decline in revenue, bringing the total to $5.7 billion. This decrease was primarily attributed to challenges in the North American market.

Gross Margin Improvement

Despite the revenue decline, Under Armour Inc. saw an improvement in its gross margin, which increased by 130 basis points to 46.1%. This improvement was mainly driven by benefits in the supply chain.

Adjusted Earnings

Under Armour Inc.'s adjusted operating income and adjusted diluted earnings per share for the fourth quarter of fiscal 2024 were in line with the company's initial outlook. This indicates a stable financial performance despite market challenges.

Strategic Focus

Under Armour Inc. is focusing on repositioning its brand by prioritizing core performance and technical innovation. The company plans to reduce its SKU/style count by 25% over the next 18 months to drive greater operational efficiency and better communicate product advantages to athletes.

Share Buyback Program

Under Armour Inc.'s Board of Directors recently approved a three-year, $500 million Class C share buyback program. This move underscores the company's strong balance sheet and commitment to delivering value to its shareholders.

Summarized from source with an LLMView Source

Key figures

-10.5%1Y

-56.7%3Y

-60.8%5Y

Performance

42.9%1Y

50.0%3Y

52.5%5Y

Volatility