Under Armour Says It Received $101M In Total Cash Refunds Under IEEPA Tariffs, Recognized $70M Net Benefit In Cost Of Goods Sold; Cut Inventory Carrying Value By $8M
https://www.sec.gov/Archives/edgar/data/1336917/000133691726000108/exhibit991-fiscal2027q1.htm
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Why It Matters
Under Armour got back $101 million in tariff money (taxes on imports) that it had paid, which helped lower what it costs to make things. This is like a refund that makes the company's wallet a bit fuller right now.
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