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UNDER ARMOUR REPORTS RESULTS FOR TRANSITION QUARTER ENDED MARCH 31, 2022; PROVIDES INITIAL FISCAL 2023 OUTLOOK
"Having successfully executed a multi-year transformation and after delivering a record year in 2021 – we are continuing to serve the needs of athletes amid an increasingly more uncertain marketplace," said Under Armour President and CEO Patrik Frisk. "As global supply challenges and emergent COVID-19 impacts in China eventually normalize, we are confident that the strength of the Under Armour brand coupled with our powerful growth strategy positions us well to deliver sustainable, profitable returns to shareholders over the long-term."