Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 159

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 159
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 116,381 (3,304)(2.8)%213,155 208,926 4,229 2.0 %Net Sales1,313,186 1,376,329 (63,143)(4.6)%2,425,711 2,537,055 (111,344)(4.4)%License revenues28,984 24,796 4,188 16.9 %53,346 46,467 6,879 14.8 %Corporate Other (1)(8,790)(2,102)(6,688)(318.2)%(11,609)(834)(10,775)(1292.0)%    Total net revenues$1,333,380 $1,399,023 $(65,643)(4.7)%$2,467,448 $2,582,688 $(115,240)(4.5)%

Net Revenues by Distribution Channel:Wholesale$775,050 $825,993 $(50,943)(6.2)%$1,424,100 $1,506,506 $(82,406)(5.5)%Direct-to-consumer538,136 550,336 (12,200)(2.2)%1,001,611 1,030,549 (28,938)(2.8)%Net Sales1,313,186 1,376,329 (63,143)(4.6)%2,425,711 2,537,055 (111,344)(4.4)%License revenues28,984 24,796 4,188 16.9 %53,346 46,467 6,879 14.8 %Corporate Other (1)(8,790)(2,102)(6,688)(318.2)%(11,609)(834)(10,775)(1292.0)%    Total net revenues$1,333,380 $1,399,023 $(65,643)(4.7)%$2,467,448 $2,582,688 $(115,240)(4.5)%

(1) Corporate Other primarily includes foreign currency hedge gains and losses related to revenues generated by entities within our operating segments but managed through our central foreign exchange risk management program.

35

Net Sales

Net sales decreased by $63.1 million, or