Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 133

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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, 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)13,049     Total net revenues$1,401,039 $1,486,043 $3,983,727 $4,369,682 The Company records reductions to revenue for estimated customer returns, allowances, markdowns and discounts. These reserves are included within customer refund liability and the value of the inventory associated with reserves for sales returns are included within prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets. The following table presents the customer refund liability, as well as the associated value of inventory for the periods indicated:As of December 31, 2024As of March 31, 2024Customer refund liability$170,344 $139,283