Q3 2025 Under Armour Inc Earnings Call Transcript
Key Points
- Under Armour Inc (UAA) exceeded expectations for the third quarter, with revenue and gross margin surpassing forecasts.
- The company raised its full-year outlook, indicating confidence in its strategic repositioning efforts.
- Significant progress was made in enhancing product offerings, particularly in athletic performance and sportswear.
- The launch of new products, such as the Curry brand's Fox 1 shoe and the SlipSpeed Echo footwear, has generated positive buzz.
- Under Armour Inc (UAA) is seeing growth in its loyalty program, with 4 million new members added in North America, demonstrating higher repurchase rates and revenue per consumer.
- North America experienced an 8% revenue decline, primarily due to decreased direct-to-consumer business and lower eCommerce sales.
- APAC revenue fell by 5%, with challenges arising from a competitive market and increased discounting.
- Latin America saw a 16% revenue decline, mainly due to lower distributor sales.
- The company is facing headwinds in the fourth quarter, including a softer order book and pressures in the APAC region.
- SG&A expenses rose by 6%, driven by higher marketing expenses and incentive compensation, partially offset by cost management efforts.
Good day, and welcome to the Under Armour third-quarter 2025 earnings conference call. (Operator Instructions)
Please note, this event is being recorded. I would now like to turn the conference over to Lance Allega, Senior Vice President of Investor Relations, Treasury and Corporate Development. Please go ahead.
Good morning, and welcome to Under Armour's third-quarter fiscal 2025 earnings conference call. Today's event is being recorded for replay. Joining us on today's call are Under Armour President and CEO, Kevin Plank; and CFO, David Bergman.
Our remarks today will include certain forward-looking statements that reflect Under Armour management's current view of our business as of February 6, 2025. These statements may include projections for our business in the present and future quarters and fiscal years.
Forward-looking statements are not guarantees of future business performance and our actual results may differ
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