安德玛（Under Armour）2023年年度报告（英文版）（104页）.pdf

1、LETTER FROM THE CEODEAR SHAREHOLDERS,As an athlete and sports enthusiast,I have always admired the Under Armour brand and what it stands for a hard-earned,unique reputation for grit,strength,and innovation.After spending my first several months at the company meeting with athletes,customers,investor

2、s,and teammates,my enthusiasm and confidence in this brand have grown exponentially.I believe the potential for Under Armour is even more significant than I initially imagined,and I am excited and energized for what comes next.Reflecting on fiscal 2023,as we navigated an increasingly uncertain macro

3、economic and industry backdrop,Under Armour delivered 3 percent revenue growth,reaching$5.9 billion.And despite a decline in gross margin,driven primarily by a highly promotional environment and supply chain impacts,including higher freight and product costs,we delivered$0.84 of diluted earnings per

4、 share.We also ended the year with lower-than-expected inventory growth,$712 million of cash on hand,and,over the past year and a half,have bought$425 million of Under Armour class C stock under the companys share repurchase program.This past year also saw strong brand momentum,exemplified by the an

5、nouncement of our stronger partnership with Stephen Curry a crucial catalyst for Under Armour as we drive and prioritize the impact of sport on communities worldwide.We are also proud of the re-launch of Protect This House,a ubiquitous ethos of Under Armour that has driven positive and inspiring res

6、ponses from our athletes and customers.We are also energized by the launch of the UA SlipSpeed heel-up/heel-down footwear platform,including our versatile training sneakers,which bring together design,engineering,storytelling,and an it factor wrapped in a solution only Under Armour can create.As we