Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 170

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 170
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 million, or 17.9% during the three months ended September 30, 2025. This was primarily due to a decrease in gross profit, partially offset by lower marketing and advertising costs. The decrease in gross profit was driven by lower net revenues as discussed above, partially offset by lower product input costs.

Operating income in our Asia-Pacific region decreased by $1.4 million, or 3.1% during the six months ended September 30, 2025. This was primarily due to a decrease in gross profit, partially offset by lower marketing and advertising costs. The decrease in gross profit was driven by lower net revenues as discussed above, partially offset by lower product input costs.

Latin America

Operating income in our Latin America region decreased by $7.6 million, or 62.2% during the three months ended September 30, 2025. This was primarily due to a decrease in gross profit and an increase in marketing and advertising costs. The decrease in gross profit was primarily driven by higher product input costs, partially offset by an increase net revenues as discussed above.

Operating income in our Latin America region decreased by $16.1 million, or 59.0% during the six months ended September 30, 2025. This was primarily due to a decrease in gross profit and an increase in marketing and 

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advertising costs. The decrease in gross profit was primarily driven by higher product input costs and lower net revenues as discussed above. 

Corporate Other

Operating loss in Corporate Other increased by $64.0 million, or 45.0% during the three months ended September 30, 2025. This was primarily due to a recovery of insurance proceeds in the prior year related to the settlement of the Company's Consolidated Securities Action litigation (refer to Note 10 of the Consolidated Financial Statements in Part II, Item 8 of the Company's Annual Report on Form 10-K for Fiscal 2025) and higher restructuring charges under the 2025 restructuring plan as discussed above.

Operating loss in Corporate Other decreased by $250.1 million, or 39.4% during the six months ended September 30, 2025. This was primarily driven by higher net litigation expense in the prior year related to the settlement of the Company's Consolidated Securities Action litigation (refer to Note 10 of the Consolidated Financial Statements in Part II, Item 8 of the Company's Annual Report on Form 10-K for Fiscal 2025), partially offset by higher