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Under Armour (A Shares) (UAA) Q2 2021 Earnings Call Transcript

Operator
Good day. Thank you for standing by, and welcome to the Under Armour, Inc. second-quarter earnings webcast and conference call. [Operator instructions] Please be advised that today s conference is being recorded.
[Operator instructions] I would now like to hand the conference over to your speaker today, Lance Allega, SVP, investor relations, and corporate development. Thank you. Please go ahead.
Lance Allega
Senior Vice President, Investor Relations, and Corporate Development
Good morning, and thank you to everyone for joining us for Under Armour s second-quarter fiscal 2021 earnings conference call. The information provided on today s call will include forward-looking statements that reflect Under Armour s view of its current business as of August 3rd, 2021. Statements made are subject to risks and uncertainties that are detailed in documents filed regularly with the SEC and the safe harbor statement included in this morning s press release, both o ....

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Under Armour raises revenue outlook as second-quarter sales and profit beat estimates

Under Armour raises revenue outlook as second-quarter sales and profit beat estimates
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Under Armour Increases its Minimum Pay Rate to $15 Per Hour

Under Armour Increases its Minimum Pay Rate to $15 Per Hour
Majority of the Retail and Distribution House teammates will see a pay rise starting on June 6
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BALTIMORE, May 19, 2021 /PRNewswire/ Today, Under Armour announced up to a 50% increase in its minimum pay rate for hourly teammates in the United States and Canada. Hourly rates will increase from a minimum of $10 per hour to $15 per hour ($15.25 Canadian dollars per hour in Canada), which will go into effect on June 6. As a result, more than 8,000 part-time and full-time teammates – approximately 90% of the Retail and Distribution House (DH) workforce – will see a compensation increase. ....

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Under Armour to Increase Minimum Wage to USD15 Per Hour

Under Armour to Increase Minimum Wage to USD15 Per Hour
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Under Armour (NYSE: UAA) announced it would be increasing employee wages for hourly workers to USD15 within the United States and CAD15.25 in Canada. The raise impacts over 8,000 part- and full-time employees and will be effective June 6.
“Our retail and distribution house teammates are the backbone of our business, and play an essential role in our ability to serve our focused performers,” said Patrik Frisk, president and chief executive officer of Under Armour. “We are committed to doing the right thing, and at the center of our commitment is ensuring our teammates feel valued and appreciated.” ....

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Under Armour boosts minimum wage to $15 an hour

Under Armour boosts minimum wage to $15 an hour
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