Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 80

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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)%6.1 %Income tax expense (benefit)0.4 %0.6 %0.2 %0.9 %Income (loss) from equity method investments— %— %— %— %Net income (loss)0.1 %7.5 %(3.4)%5.2 %

34

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:

Three Months Ended December 31,Nine Months Ended December 31,(In thousands)20242023Change ($)Change (%)20242023Change ($)Change (%)Net Revenues by Product CategoryApparel$966,068 $1,016,655 $(50,587)(5.0)%$2,671,048 $2,911,669 $(240,621)(8.3)%Footwear301,208 331,000 (29,792)(9.0)%924,357 1,045,872 (121,515)(11.6)%Accessories110,432 104,510 5,922 5.7 %319,358 316,305 3,053 1.0 %Net Sales1,377,708 1,452,165 (74,457)(5.1)%3,914,763 4,273,846 (359,083)(8.4)%License revenues23,904 29,069 (5,165)(17.8)%70,371 82,787 (12,416)(15.0)%Corporate Other (1)(573)4,809 (5,382)(111.9)%(1,407)13,049 (14,456)(110.8)%    Total net revenues$1,401,039 $1,486,043 $(85,004)(5.7)%$3,983,727 $4,369,682 $(385,955)(8.8)%Net Revenues by Distribution ChannelWholesale$704,760 $711,699 $(6,939)(1.0)%$2,211,266 $2,393,