Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 125

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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 of conflicts around the world on the economy, including their effect on inflationary pressures and the price of oil globally. 

See "Risk Factors—Economic and Industry Risks—Our business depends on consumer purchases of discretionary items, which can be negatively impacted during an economic downturn or periods of inflation. This could materially impact our sales, profitability, results of operations and financial condition"; "—Fluctuations in the cost of raw materials and commodities we use in our products and costs related to our supply chain could negatively affect our operating results"; "—Our financial results and ability to grow our business may be negatively impacted by global events beyond our control"; and "—Financial Risks—Our financial results could be adversely impacted by currency exchange rate fluctuations" included in Item 1A of our Annual Report on Form 10-K for Fiscal 2025.

34

RESULTS OF OPERATIONS

The following tables set forth key components of our results of operations for the periods indicated, both in dollars and as a percentage of net revenues:

Three Months Ended September 30,Six Months Ended September 30,2025202420252024Net revenues$1,333,380 100.0 %$1,399,023 100.0 %$2,467,448 100.0 %$2,582,688 100.0 %Cost of goods sold702,796 52.7 %702,891 50.2 %1,290,368 52.3 %1,323,881 51.3 %Gross profit630,584 47.3 %696,132 49.8 %1,177,080 47.7 %1,258,807 48.7 %Selling, general and administrative expenses581,632 43.6 %519,840 37.2 %1,111,977 45.1 %1,357,157 52.5 %Restructuring charges31,906 2.4 %3,212 0.2 %44,734 1.8 %28,298 1.1 %Income (loss) from operations17,046 1.3 %173,080 12.4 %20,369 0.8 %(126,648)(4.9)%Interest income (expense), net(8,605)(0.6)%(1,747)(0.