Company: UAA
Filing Date: 2025-05-22
Form Type: 10-K
Source: 0001336917-25-000078
Chunk: 4

Company: Under Armour, Inc.
Filing Date: 2025-05-22
Form: 10-K
Item: Item 7
Chunk 4
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4.0 %Interest income (expense), net(0.1)%— %Other income (expense), net(0.3)%0.6 %Income (loss) before income taxes(4.0)%4.6 %Income tax expense (benefit)(0.1)%0.5 %Income (loss) from equity method investments— %— %Net income (loss)(3.9)%4.1 %

Revenues

Net revenues consist of net sales and license revenues. Net sales consist of sales from apparel, footwear and accessories products. Our license revenues primarily consist of fees paid to us by licensees in exchange for the use of our trademarks on their products. The following tables summarize net revenues by product category and distribution channel for the periods indicated:

Year Ended March 31,(In thousands)20252024Change ($)Change (%)Net Revenues by Product CategoryApparel$3,451,414 $3,789,016 $(337,602)(8.9)%Footwear1,206,202 1,383,610 (177,408)(12.8)%Accessories410,860 405,715 5,145 1.3 %Net Sales5,068,476 5,578,341 (509,865)(9.1)%License revenues94,590 111,241 (16,651)(15.0)%Corporate Other (1)1,244 12,297 (11,053)(89.9)%    Total net revenues$5,164,310 $5,701,879 $(537,569)(9.4)%(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.

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Year Ended March 31,(In thousands)20252024Change ($)Change (%)Net Revenues by Distribution ChannelWholesale$2,978,869 $3,243,187 $(264,318)(8.1)%Direct-to-consumer2,089,607 2,335,154 (245,547)(10.5)%Net Sales5,068,476 5,578,341 (509,865)(9.1)%License revenues94,590 111,241 (16,651)(15.0)%Corporate Other (1)1,244 12,297 (11,053