Under Armour (UAA) CEO, Patrik Frisk on Q1 2020 Results - Earnings Call Transcript

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Q1: 2020-05-11 Earnings Summary

EPS of -$0.34 misses by $0.15
 | Revenue of $930.24M (-22.78% Y/Y) misses by $8.98M

Under Armour Inc. (NYSE:UAA) Q1 2020 Earnings Conference Call May 11, 2020 8:30 AM ET

Company Participants

Patrik Frisk - President, Chief Executive Officer
Dave Bergman - Chief Financial Officer
Lance Allega - Senior Vice President, Investor Relations and Corporate Development

Conference Call Participants

Matt McClintock - Raymond James
Edward Yruma - Keybanc Capital Markets
Alexandra Wavis - Goldman Sachs
Paul Lejuez - Citigroup
Bob Drbul - Guggenheim
Michael Binetti - Credit Suisse
Matthew Boss - JP Morgan
Jay Sole - UBS
Paul Trussell - Deutsche Bank
Erinn Murphy - Piper Sandler

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Under Armour Inc. first quarter earnings webcast and conference call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question and answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Mr. Lance Allega, Senior Vice President of Investor Relations and Corporate Development. Thank you, please go ahead, sir.

Lance Allega

Thank you, and good morning to everyone joining us for Under Armour’s first quarter 2020 earnings call.

The information being made available on today’s call includes forward-looking statements that reflect Under Armour’s view of its current business as of May 11, 2020 as well as considerations for future events that may impact our business moving forward. These statements are subject to risks and uncertainties that are detailed in documents regularly filed with the SEC and the Safe Harbor statement included in this morning’s press release, both of which can be found on our website at about.underarmour.com.

It is important to note that at this time, the global COVID pandemic has had and continues to have a significant material impact in Under Armour’s business. Given an extremely high level of uncertainty

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