Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 65

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 (%)20252024Change ($)Change (%)North America$137,956 $217,259 $(79,303)(36.5)%$259,393 $365,148 $(105,755)(29.0)%EMEA52,601 51,595 1,006 1.9 %92,244 72,051 20,193 28.0 %Asia-Pacific28,075 34,214 (6,139)(17.9)%42,778 44,149 (1,371)(3.1)%Latin America4,596 12,171 (7,575)(62.2)%11,202 27,342 (16,140)(59.0)%Corporate Other (1)(206,182)(142,159)(64,023)(45.0)%(385,248)(635,338)250,090 39.4 %Total operating income (loss)$17,046 $173,080 $(156,034)(90.2)%$20,369 $(126,648)$147,017 116.1 %

(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. Corporate Other also includes expenses related to our central supporting functions.

North America

Operating income in our North America region decreased by $79.3 million, or 36.5% during the three months ended September 30, 2025. This was primarily due to a decrease in gross profit, driven by lower net revenues, as discussed above, and higher product input costs resulting from increased tariffs as well as higher marketing and advertising costs. These were partially offset by lower facility-related expenses.

Operating income in our North America region decreased by $105.8 million, or 29.0% during the six months ended September 30, 2025. This was primarily due to a decrease in gross profit, higher marketing and advertising costs and higher selling and distribution expenses, partially offset by lower facility-related expenses. The decrease in gross profit was primarily driven by lower net revenues as discussed above, and higher product costs resulting from increased tariffs, partially offset by lower freight costs. 

EMEA

Operating income in our EMEA region increased by $1.0 million, or 1.9% during the three months ended September 30, 2025. This was primarily due to an increase