Chris's questions to Under Armour Inc (UAA) leadership • Q4 2025
Question
Chris from TD Cowen inquired about the long-term opportunity for segment margin recovery in North America and asked about the expected category mix between apparel and footwear within the Q1 revenue guidance.
Answer
CEO Kevin Plank addressed the North America question by focusing on the cultural reset and the fundamental goal of driving brand affection with the 16-to-24-year-old consumer, rather than providing a specific margin target. CFO David Bergman stated that for Q1, footwear is expected to face more pressure than apparel, which provides a slight benefit to gross margin as footwear currently has a lower margin profile, a gap the company is actively working to close.