Under Armour Inc. reported its Q4 2024 earnings, revealing a revenue of $1.40 billion, which surpassed analyst expectations of $1.34 billion, despite a 6% decline year-over-year. The company's diluted earnings per share (EPS) came in at $0.08, exceeding the anticipated $0.03 by $0.04. However, net income was only $1 million, significantly below the expected $19.84 million. The gross margin improved to 47.5%, up 240 basis points from the previous year and above the forecast of 46.83%. For FY24, Under Armour projected EPS guidance of $0.28 to $0.30, aligning with expectations, while FY25 revenue is anticipated to decline by approximately 10%. The company’s inventory remained flat at $1.1 billion, reflecting ongoing management strategies as it prepares for a product reset.