Under Armour - Strong financial results and strategic steps for a better future

- Gross margin $UAA-0.3%:

- Q4 fiscal year 2024: Increased 1.7% to 45%.

- Full fiscal year 2024: Increase to 46.1%, an improvement of 1.3%.

- Causes of improvement: Reduction in product and transportation costs due to supply chain improvements.

- Negative factors: Exchange rate effects and increased direct-to-consumer marketing activities.

- Selling, general and administrative expenses $UAA-0.3% :

- Q4: Decreased 5% to $546 million.

- Fiscal 2024: Decrease of 2% to $2.3 billion.

- Spending Reduction: Indicates a potential improvement in the bottom line.

- Inventory Management $UAA-0.3% :

- End of Q4: Inventories decreased 19% to $958 million, indicating active inventory management.

- Cash Position and Debt $UAA-0.3% :

- Cash: $859 million at the end of Q4.

- Debt: No debt outstanding under the revolving credit facility.

- Strategic Steps $UAA-0.3% :

- Share repurchases: Announced a new $500 million share repurchase program, reflecting confidence in the company's financial position and future prospects.

🌟 Under Armour is showing strong financial health and strategic margin and cost improvements, strengthening their market position! 🏃‍♂️💪

UAA
$6.76 -$0.02 -0.30%

The products are great, but as an investment, it doesn't appeal to me. If I had to pick something from this industry, it would be $NKE+0.5%, but I recently sold that one too.

I like their products. I have a few pieces at home, but I don't find their stock that attractive, unfortunately. This year both EPS and sales should be lower than last year, but the stock is already down quite a bit. Do you have it in your portfolio?

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