Sportswear Company:M CFO Commentary and Financial Review Second Quarter 2022 July 27, 2022 Exhibit 99.2

DTC DTC.com DTC B&M y/y U.S. LAAP EMEA SG&A EPS bps direct-to-consumer DTC e-commerce DTC brick & mortar year-over-year United States Latin America and Asia Pacific Europe, Middle East and Africa selling, general & administrative earnings per share basis points “+” or “up” “-” or “down” LSD% MSD% HSD% LDD% low-20% mid-30% high-40% increased decreased low-single-digit percent mid-single-digit percent high-single-digit percent low-double-digit percent low-twenties percent mid-thirties percent high-forties percent “$##M” “$##B” c.c. M&A FX ~ H1 Q1 in millions of U.S. dollars in billions of U.S. dollars constant-currency mergers & acquisitions foreign exchange approximately first half first quarter

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• • • (dollars in millions, except per share amounts) Q2'22 Q2'21 Change Net Sales $578.1 $566.4 +2% Gross Margin % 49.2% 51.6% -240 bps SG&A % 48.7% 46.2% +250 bps Operating Income $8.8 $35.0 -75% Operating Margin % 1.5% 6.2% -470 bps Net Income $7.2 $40.7 -82% EPS $0.11 $0.61 -82%

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