Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 57

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 57
---
 Agreement and the previously disclosed accelerated share repurchase transaction that the Company entered into in May 2024, the Company repurchased 8.7 million shares of Class C Common Stock, which were immediately retired. As a result, $65.3 million was recorded to retained earnings to reflect the difference between the market price of the Class C Common Stock repurchased and its par value.As of the date of this Quarterly Report on Form 10-Q, the Company has repurchased a total of $65 million or 8.7 million outstanding shares of its Class C Common Stock, leaving approximately $435 million remaining under its current share repurchase program. During the three and nine months ended December 31, 2023, the Company repurchased and immediately retired 3.1 million and 10.7 million Class C Common Stock, respectively, under the Company's previously approved $500 million share repurchase program which was completed in December 2023.

NOTE 12. REVENUES

The following tables summarize the Company's net revenues by product category and distribution channels: Three Months Ended December 31,Nine Months Ended December 31,2024202320242023Apparel$966,068 $1,016,655 $2,671,048 $2,911,669 Footwear301,208 331,000 924,357 1,045,872 Accessories110,432 104,510 319,358 316,305 Net Sales1,377,708 1,452,165 3,914,763 4,273,846 License revenues23,904 29,069 70,371 82,787 Corporate Other(573)4,809 (1,407)13,049     Total net revenues$1,401,039 $1,486,043 $3,983,727 $4,369,682 Wholesale$704,760 $711,699 $2,211,266 $2,393,382 Direct-to-consumer672,948 740,466 1,703,497 1,880,464 Net Sales1,377,708 1,452,165 3,914,763 4,273,846 License revenues23,904 29,069 70,371 82,787 Corporate Other(573)4,809 (1,407