Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 66

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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 in gross profit driven by higher net revenues, as discussed above, partially offset by higher product input costs and an increase in marketing and advertising costs.

Operating income in our EMEA region increased by $20.2 million, or 28.0% during the six months ended September 30, 2025. This was primarily due to an increase in gross profit and lower facility-related expenses, partially offset by higher compensation expenses and selling and distribution expenses. The increase in gross profit was driven by higher net revenues, as discussed above, partially offset by higher product input costs. 

Asia-Pacific

Operating income in our Asia-Pacific region decreased by $6.1 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