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Under Armour, Inc. today announced it has developed a new testing methodology to help fight fiber shedding at its source and support progress toward the company’s sustainability goal for 75% of fabrics in its products to be made of low-shed materials by 2030.
Under Armour’s vision is to inspire you with performance solutions you never knew you needed and can’t imagine living without.
We believe in waking up every morning to make athletes legendary. From the best of the best to the ones just getting started, we put the athlete at the center of everything we do. We create fearlessly with the courage and conviction to defy convention. We innovate by taking bold and smart risks.
Under Armour, Inc. (“the company”) (NYSE: UA, UAA), today announced that Patrik Frisk will step down as President and Chief Executive Officer (CEO) and as a member of the Board of Directors (board), effective June 1, 2022.
Under Armour serves as a catalyst for the progress of athletes and our communities. Our purpose sits at the intersection of “Who We Are” and the “Need in the World” we can fulfill.
As Under Armour officially closes out the transition quarter and marks the beginning of our FY23 (which started on April 1, 2022), I wanted to provide an update on Under Armour’s future including the incredible long-term capabilities we continue to build as a company.
In 2021, revenue was up 27 percent to $5.7 billion, gross margin improved 210 basis points to 50.3 percent, our operating income reached $486 million, diluted earnings per share was $0.77, and we ended the year with $1.7 billion in cash. Each of these achievements is a record for Under Armour.
Under Armour’s mission is to make you better. As we grow into a global business, we are committed to upholding this mission and our values in everything we do. To that end, our Board of Directors has created corporate guidelines to provide structure to how we operate and conduct business.
Although we’ve had a diversity and inclusion strategy since 2017, we held ourselves accountable to more action after the global outcry for justice in 2020. Under Armour has a responsibility to build an equitable workplace for our teammates and to support the communities where we live and work.
UNDER ARMOUR REPORTS FIRST QUARTER 2025 RESULTS; UPDATES FISCAL 2025 OUTLOOK. BALTIMORE , Aug. 8, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) announced unaudited... Read more.