Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 72

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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, the CODM receives discrete financial information for the Company's principal business by geographic region based on the Company's strategy of being a global brand. These geographic regions include North America, EMEA, Asia-Pacific and Latin America. Each geographic segment operates exclusively in one industry: the development, marketing and distribution of branded performance apparel, footwear and accessories. Total expenditures for additions to long-lived assets are not disclosed as this information is not regularly provided to the CODM.The Company excludes certain corporate items from its segment profitability measures. The Company reports these items within Corporate Other, which is designed to provide increased transparency and comparability of the Company's operating segments' performance. Corporate Other consists primarily of (i) general and administrative expenses not allocated to an operating segment, including expenses associated with centrally managed departments such as global marketing, global IT, global supply chain and innovation, and other corporate support functions; (ii) restructuring and restructuring related charges, if any; (iii) certain foreign currency hedge 

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gains and losses; and (iv) operating results from the MapMyFitness digital platform, which was sold during the second quarter of Fiscal 2025.The following tables summarize the Company's net revenues and operating income (loss) by its geographic segments. Intercompany balances were eliminated in consolidation and are not reviewed when evaluating segment performance. Three Months Ended December 31,Nine Months Ended December 31,2024202320242023Net revenuesNorth America$843,620 $915,335 $2,416,225 $2,733,297 EMEA297,890 284,049 807,960 797,781 Asia-Pacific201,112 212,018 590,609 646,315 Latin America58,990 69,832 170,340 179,240 Corporate Other(573)4,809 (1,407)13,049 Total net revenues$1,401,039 $1,486,043 $3,983,727 $4,369,682 Three Months Ended December 31,Nine Months Ended December 31,2024202320242023Operating income (loss)North America$164,068 $166,256 $529,216 $538,041 EMEA42,110 49,133 114,161 117,738 Asia-Pacific14,009 16,014 58,158 86,020 Latin America14,186 13,367 41,