UAA - Under Armour Inc. (UAA) Q4 2024 Earnings Call Transcript
2024-05-16 12:04:09 ET
Under Armour, Inc. (UAA)
Q4 2024 Earnings Conference Call
May 16, 2024 08:30 A.M. ET
Company Participants
Lance Allega - SVP, IR and Corporate Development
Kevin A. Plank - President and CEO
Dave Bergman - CFO
Conference Call Participants
Simeon Siegel - BMO Capital Markets
Jay Sole - UBS
Robert Drbul - Guggenheim
Brian Nagel - Oppenheimer
Samuel Poser - William Trading
Laurent Vasilescu - BNP Paribas Exane
Presentation
Operator
Good morning everyone and welcome to the Under Armour's Q4 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today’s presentation there will be an opportunity to ask questions. [Operator Instructions]. Please note today’s event is being recorded. At this time, I would like to turn the floor over to Lance Allega, Senior Vice President, Investor Relations, Treasury, and Corporate Development. Sir, please go ahead.
Lance Allega
Good morning and welcome to Under Armour's fourth quarter and full year fiscal 2024 earnings conference call. Today's event is being recorded for replay. Joining us on today's call are be Under Armour President and CEO, Kevin Plank; and CFO, David Bergman.
Our remarks today will include certain forward-looking statements that reflect Under Armour management's current view of our business as of May 16, 2024. These statements may include projections for our business in the present and future quarters and fiscal years. Forward-looking statements are not guarantees of future business performance and our actual results may differ materially from those expressed or implied in the views provided. Statements made are subject to risks and other uncertainties detailed in this morning's press release and documents filed regularly with the SEC, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
Today's discussion may also include the use of non-GAAP references. Under Armour believes these measures give investors a helpful perspective on underlying business trends. When applicable, these measures are reconciled to most appropriate U.S. GAAP measures, reconciliations along with other pertinent information can be found in this morning's press release and at about.underarmour.com. With that, I'll turn the call over to Kevin.
Kevin A. Plank
Thank you, Lance and everyone joining us this morning. We've got a lot to get through on today's call, including some extended prepared remarks so let's dive right in. Four plus years removed from the President and CEO role at Under Armour, I'm bringing a clear sense of purpose and 100% commitment with zero distractions from making UA excellent. I gained unique perspective from the Executive Chair Board seat and while I've maintained a presence in the business throughout, that role was very different from the responsibility and opportunity I now have as CEO to affect the day to day decisions of this brand. I look forward to applying these lessons with renewed approach to leadership.
During this time, our industry has undergone significant changes including a global pandemic that tested the resilience on the consumer value chain, and increased competition with many new capable entrants that have altered shopping behavior and preferences. However, our aspiration to build the world's best athletic performance brand has not changed. Our goal has always been to be a premium brand of choice, driven by industry leading athletic performance products, inspirational storytelling, and elevated consumer experiences. Yet, we have not consistently nor holistically delivered on this ambition. ...
Under Armour, Inc. (UAA) Q4 2024 Earnings Call Transcript