Leadership Transition
Reza Taleghani is set to join Under Armour as the new CFO, bringing over 25 years of global finance leadership experience. This transition is seen as a strategic move to drive the brand and business forward.
Product Innovation
Under Armour is introducing new products like the Velociti Elite 3, SlipSpeed Echo, and NEOLAST fiber technology, which are expected to drive growth and improve brand perception.
EMEA Growth
EMEA revenue increased by 12%, driven by full-price wholesale business and strong growth in the direct-to-consumer channel.
Licensing Revenue Increase
Licensing revenues increased by 17%, driven by strength in the international business.
Reduced Inventory Levels
Inventory at the end of Q2 was $1 billion, a 6% decrease compared to the same period last year, indicating better inventory management.