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Under Armour, Inc. (UAA) CEO Patrik Frisk on Q1 2021 Results - Earnings Call Transcript

May 04, 2021 3:23 PM ETUnder Armour, Inc. (UAA), UA
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Under Armour, Inc. (NYSE:UAA) Q1 2021 Earnings Conference Call May 4, 2021 8:30 AM ET

Company Participants

Lance Allega - SVP, IR & Corporate Development

Patrik Frisk - CEO, President & Executive Director

David Bergman - CFO

Conference Call Participants

Erinn Murphy - Piper

James Duffy - Stifel

Randal Konik - Jefferies

Paul Trussell - Deutsche Bank

Brian Nagel - Oppenheimer

John Kernan - Cowen

Matthew Boss - JP Morgan

Sam Poser - Williams Trading

Jay Sole - UBS


Ladies and gentlemen, thank you for standing by, and welcome to the Under Armour First Quarter 2021 Earnings Webcast and Conference Call. [Operator Instructions]

I would now like to hand the conference over to Lance Allega, SVP, Investor Relations and Corporate Development. Thank you sir. Please go ahead.

Lance Allega

Thank you. Good morning and thank you to everyone joining us for Under Armour's first quarter of fiscal 2021 earnings conference call. Yesterday after the close of market we announced that we have entered into a settlement with the U.S. Securities and Exchange Commission resolving a previously announced investigation related to disclosure and the impact of certain pull forward sales for the third quarter of 2015 through the fourth quarter of 2016.

The settlement relates to our disclosures and does not include any allegations from the SEC that sales during these periods did not comply with GAAP. The details of the settlement are outlined in our press release and we are happy to put this behind us.

The information provided on today's call will include forward-looking statements to reflect Under Armour's view of its current business as of May 4, 2021. Statements are made subject to risks and uncertainties that are detailed and documents regularly filed with the SEC and the Safe Harbor statement included in this morning's press release. Both of which

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