Financial Data and Key Metrics Changes - The second quarter revenue was flat year-over-year at $1.6 billion, with a 1% decline when excluding foreign currency impacts [123] - Gross margin improved by 260 basis points to 48%, primarily due to supply chain benefits from lower freight costs [96] - Cash and cash equivalents stood at $656 million, with no borrowings under the $1.1 billion revolving credit facility [74] Business Line Data and Key Metrics Changes - Apparel revenue increased by 3%, driven by growth in the train and golf segments, while footwear revenue decreased by 7% due to softness in team sports and running categories [72] - Direct-to-consumer revenue rose by 3% to $596 million, supported by a 4% increase in owned and operated store revenue and a 2% increase in e-commerce [95] - Licensing revenue fell by 14% to $29 million, impacted by declines in North American and Japanese licensee partners [95] Market Data and Key Metrics Changes - North American revenue declined by 2% to $991 million, with wholesale down 1% to $940 million, reflecting challenges in the full-price business [94][95] - EMEA revenue grew by 9% to $287 million, or 4% on a currency-neutral basis, driven by strong DTC performance and new store openings [71] - APAC revenue increased by 3% to $232 million, or 7% on a currency-neutral basis, with China being a significant contributor to growth [124] Company Strategy and Development Direction - The company is focused on its Protect This House 3 (PTH 3) strategy, emphasizing brand heat, elevated design, and operational efficiencies to drive long-term growth [69][81] - There is a strong emphasis on footwear as a significant growth opportunity, with plans to evolve the footwear strategy and invest more in this area [86] - The company aims to improve its premium wholesale distribution strategy, expecting mall penetration to increase by over 40% by the end of fiscal '24 [67] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing pressures in the North American wholesale environment, leading to a revised full-year revenue outlook [79][127] - The macroeconomic environment remains uncertain, with inflation and mixed consumer confidence impacting order books [127] - The company is optimistic about international markets, particularly APAC and EMEA, which continue to show solid momentum [121] Other Important Information - The UA Rewards loyalty program exceeded expectations, surpassing 1 million members shortly after launch, indicating strong engagement [91] - The company is actively managing inventory levels, expecting a decline in inventory by mid to high-teens percentage rate by year-end [97][116] - New product launches, including the Curry 11 and Slip Speed footwear, are generating excitement and positive consumer response [87][108] Q&A Session Summary Question: Can you provide insights on the U.S. wholesale environment looking into 2024? - Management noted that while there are gains in mall-based channels, overall wholesale remains conservative, and it will take time to develop robust revenue from new partnerships [11][112] Question: How is the company addressing footwear performance and domestic store expansion? - The company is excited about innovations in footwear and is focused on enhancing the in-store experience to attract customers [107][109] Question: What is the outlook for the international business amid economic challenges? - Management remains bullish on international markets, particularly APAC and EMEA, and is implementing localized product design and marketing strategies [113]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-33202 ______________________________________ UNDER ARMOUR, INC. (Exact name of registrant as specified in its charter) ______________________________________ Maryland 52-1990078 (State or other jurisdiction of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 ______________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-K ______________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 _____________________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 __________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 _________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Table of Contents Commission File No. 001-33202 ______________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-K ______________________________________ (Mark One) UNDER ARMOUR, INC. (Exact name of registrant as specified in its charter) ______________________________________ (State or other jurisdiction of incorporation or organization) 1020 Hull Street Baltimore, Maryland 21230 (410) 468-2512 Maryland 52-1990078 (I.R.S. Employer Identification No.) (Address of principal executive ...

Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or Table of Contents ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from to Commission File No. 001-33202 _________________________ ...

Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 ______________________________ ...