Under Armour, Inc. (NYSE:UAA) Q3 2024 Earnings Conference Call February 8, 2024 8:30 AM ET

Company Participants

Lance Allega - Senior Vice President of Investor Relations & Corporate Development

Stephanie Linnartz - President, CEO & Director

Dave Bergman - CFO & Principal Accounting Officer

Conference Call Participants

Simeon Siegel - BMO Capital Markets

Jay Sole - UBS

Laurent Vasilescu - BNP Paribas Exane

Bob Drbul - Guggenheim

Sam Poser - William Trading

Jim Duffy - the Stifel

Paul Lejuez - Citigroup

Alex Stratton - Morgan Stanley

Operator

Good morning and welcome to Under Armour's Q3 2024 Earnings Conference Call. All participants are in listen-only mode. [Operator Instructions] Please this event is being recorded.

I would now like to turn the conference over to Lance Allega, SVP, Investment Relations, Treasury and Corporate Development. Please go ahead, sir.

Lance Allega

Thank you. Good morning and welcome to Under Armour's third quarter fiscal 2024 earnings conference call. Today's event is being recorded for replay. Joining us on today's call will be Under Armour President and CEO, Stephanie Linnartz; and CFO, Dave Bergman.

Our remarks today will include certain forward-looking statements that reflect Under Armour’s management's current view of our business as of February 8, 2024. These statements may include projections for our business at the present in 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 today. 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 provide investors with a helpful perspective on underlying business trends. When applicable, these measures are reconciled to most appropriate U.S. GAAP measures, reconciliations of which, 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 Stephanie.

Stephanie Linnartz

Thank you, Lance, and good morning to everyone joining today's call. Let me begin by saying that despite a challenging retail environment and consumer buying behavior that was inconsistent market-to-market, we are pleased with the results we achieved in our third quarter. With revenue in line with our November outlook and better than expected earnings. As I approach my first year at Under Armour, I am genuinely inspired by the power of the brand and our commitment to the strategies we are undertaking to unlock our full potential. Following our Protect This House 3 plan launched last spring, I am pleased with our progress in driving global demand creation and our focus on evolving and simplifying our approach to connecting with consumers. I also feel good about how our efforts are shaping up to deliver elevated design and products to the athletes we serve in nearly 100 countries around the world, strengthening our ability to drive success across our largest growth opportunities in footwear, sports style, and our women's business.