Company: UAA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001336917-25-000136
Chunk: 57

Company: Under Armour, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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(4,695)Income (loss) before income taxes$(5,423)Three months ended June 30, 2024North AmericaEMEAAsia-PacificLatin AmericaTotal Reportable SegmentsCorporate OtherTotalNet revenues$709,260 $226,892 $181,836 $64,409 $1,182,397 $1,268 $1,183,665 Less:Marketing and advertising costs40,174 35,104 24,457 1,549 101,284 20,051 121,335 Other segment expenses(1)(3)521,197 171,332 147,444 47,689 887,662 474,396 1,362,058 Total operating income (loss)$147,889 $20,456 $9,935 $15,171 $193,451 $(493,179)$(299,728)Interest income (expense), net2,344 Other income (expense), net(2,730)Income (loss) before income taxes$(300,114)(1) Other segment expenses include cost of goods sold, as well as selling, general and administrative costs including compensation-related expenses, facility-related expenses, selling and distribution expenses, consulting expenses, depreciation and amortization, bad debt, and other miscellaneous expenses.(2) Other segment expenses for the Corporate other non-operating segment for the three months ended June 30, 2025, includes $21.1 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 11).(3) Other segment expenses for the Corporate other non-operating segment for the three months ended June 30, 2024, includes $33.7 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 11) and $274 million of net litigation expense related to the settlement of the Company's Consolidated Securities Action litigation (refer to Note 10 of the Consolidated Financial Statements in Part II, Item 8 of the Company's Annual Report on Form 10-K for Fiscal 2025).

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is intended to help readers understand our results of operations and financial condition, and is provided as a supplement to, and should be read in conjunction