Under Armour, Inc. (NYSE:UAA) Q4 2023 Earnings Conference Call May 9, 2023 8:30 AM ET

Company Participants

Lance Allega - SVP, IR & Corporate Development

Kevin Plank - Founder, Executive Chairman & Brand Chief

Stephanie Linnartz - President, CEO & Director

David Bergman - CFO

Conference Call Participants

James Duffy - Stifel, Nicolaus & Company

Simeon Siegel - BMO Capital Markets

Jay Sole - UBS

Matthew Boss - JPMorgan Chase & Co.

Robert Drbul - Guggenheim Securities

Brian Nagel - Oppenheimer

Laurent Vasilescu - BNP Paribas Exane

Operator

Good day, and thank you for standing by, and welcome to the Q4 '23 Earnings Conference Call. [Operator Instructions].

I would now like to turn the call over to Lance Allega, SVP of Investor Relations, Corporate Development. Please go ahead.

Lance Allega

Thank you. Good morning, and welcome to Under Armour's Fourth quarter and full year fiscal 2023 earnings conference call. Today's event is being recorded for replay.

Joining us on today's call will be Under Armour Executive Chair and Brand Chief, Kevin Plank; President and CEO, Stephanie Linnartz; and CFO, Dave Bergman.

Our remarks today include forward-looking statements that reflect Under Armour's management's current view and certain forecast elements of our business as of May 9, 2023. The statements made are subject to risks and other uncertainties detailed in documents regularly filed with the SEC, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. Today's discussion also includes the use of non-GAAP references. Under Armour believes these measures provide investors with a helpful perspective on underlying business trends. These measures are reconciled to the most comparable U.S. GAAP measures, a reconciliation of which, along with other pertinent information can be found in this morning's press release about underarmour.com.

With that, I'll turn the call over to Kevin.

Kevin Plank

Thank you, Lance, and good morning to everyone joining us on today's call. In Under Armour's 18th year as a public company, I'd like to thank our shareholders for their continued support and belief in the dream we collectively share. Your trust and confidence have empowered us to become one of the world's largest athletic brands, a responsibility that permeates everything we do. However, we also know that it's been at times an inconsistent journey, one we acknowledge has not created the shareholder value that we see this brand capable of.

Over time, we've seen periods of significant growth and challenges that have tested our grid and resolve along the way. In response to these, we've built a tremendous foundation of talented people, operational and financial agility and most importantly, brand love. With new leadership in place, continued strategic evolution and a renewed mindset, I am both proud and confident in the steps we've taken that put us in a position to begin to reach the full potential we all believe is available for this brand.