In 2016, top-line growth was 22%, and it was only 1% higher in 2019. Chief Financial Officer David Bergman added the company expects to report "slightly positive" earnings-per-share growth in 2021. It has been heavily reliant in the past on department stores and discount chains to sell its gear, a strategy that has hurt profitability and diluted the brand's image compared with competitors including Nike, Adidas and Lululemon. Under Armour's Dividend Payout Ratio for the three months ended in Sep. 2020 was 0.00. Under Armour is calling for sales to be down in the high-teens in 2020, better than what analysts had been expecting. You can read more about Revenue here and compound annual growth rate on Wikipedia. Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, "For the past 24 consecutive quarters or six years, we have driven net revenue growth above 20% and we are incredibly proud of our start to 2016 with first quarter net revenue growth of 30%. Under Armour Annual Revenue and Growth Rate. American sportswear company Under Armour generated 69 percent of their net revenues from its home region of North America in 2019. Under Armour's net revenues worldwide from 2015 to 2019, by region Revenue of lululemon athletica in Canada 2012-2019 Number of lululemon stores in Canada 2013-2019 Apart from that, the company came lowering its revenue forecast for fiscal year 2020. 65% of its revenue was accumulated through wholesale distribution, whereas 31% was gathered through direct consumer sales. The question is, though, how long will it last? We expect the segment to continue its sustained growth and record $3.5 billion in revenues in FY 2019. Under Armour's Dividends per Share for the three months ended in Sep. 2020 was $0.00.. Under Armour Reports Second Quarter Net Revenues Growth Of 34%; Raises Full Year 2014 Net Revenues and Operating Income Outlook ... Baltimore, MD (July 24, 2014) - Under Armour, Inc. (NYSE: UA) today announced financial results for the second quarter ended June 30, 2014. Footwear accounts for less than a quarter of Under Armour’s sales, but it’s proving to be the brand’s fastest-growing category in 2019. Under Armour Reports Second Quarter Net Revenues Growth Of 34%; Raises Full Year 2014 Net Revenues and Operating Income Outlook ... Baltimore, MD (July 24, 2014) - Under Armour, Inc. (NYSE: UA) today announced financial results for the second quarter ended June 30, 2014. Under Armour, Inc. announced financial results for the third quarter ended 30th September, 2020. Under Armour's direct-to-consumer business, which includes sales from its website and stores, grew 17% year over year. Under Armour's footwear revenue growth bested Nike Inc NKE 2.21%, which saw a … Its share price was falling by more than 1.5% Friday afternoon, after initially surging more than 8%. Also Friday, Under Armour said it agreed to sell its MyFitnessPal workout platform to private-equity firm Francisco Partners, in a deal valued at up to $345 million. Under Armour's Dividends per Share for the three months ended in Sep. 2020 was $0.00.. Explore example interactive dashboards and create your own, Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you. Under Armour cut its fiscal sales growth guidance during the last quarter. It was made possible due to its creative strategy of operating through multiple distribution networks. Under Armour, Inc. estimates its current quarter revenue will drop -170%, while the growth in revenue is estimated to hit 85.3% for the next quarter. Under Armour, Inc. For the Three Months Ended March 31, 2020 (Unaudited) The table below presents the reconciliation of net revenue growth (decline) calculated in accordance with GAAP to currency neutral net revenue which is a non-GAAP measure. It said its e-commerce business globally grew more than 50% during the quarter. This segment has added more than $75 million to total revenue since 2015 at an average annual rate of 6.8% driven by unit sales growth in multiple categories led by men’s training. Under Armour's annual sales growth has slowed in the past few years and full-year profit has fallen below estimates in two out of the past five quarters. The platform uses extensive data to show in a single snapshot what drives the value of a company's business. Apparel sales dropped 6% to $927 million, while footwear revenue surged 19% to $299 million, and accessories revenue jumped 23% to $145 million. Start your Free Trial. Meanwhile, Under Armour’s revenue increased 7% to $1.1 billion during the same time frame. Previously, … "But when they're in the stores and when they're shopping ... they are converting better.". However, the Accessories segment had a difficult 2018 with revenue declining more than 5% mainly due to unit sales decline in outdoor and training categories. CEO Patrik Frisk cited higher demand for the athletic apparel maker's products, especially in North America, for the better-than-expected performance. © 2020 CNBC LLC. Under Armour revenue for the twelve months ending September 30, 2020 was $4.512B, a 13.49% decline year-over-year. Now, the company expects its revenues to increase by 2% in fiscal 2019—down from the previous guidance of 3%–4% growth. Sign up for free newsletters and get more CNBC delivered to your inbox. Growth. Under Armour’s Q2 earnings report on Tuesday morning met analyst expectations on earnings (4 cents per share) and on revenue ($1 billion, up 28%). Apparel, led by its athleisure collection, has been the largest growth driver. Find the latest Revenue (Quarterly) Yoy Growth for Under Armour Inc (UAA) Under Armour received its first big break in 1999 when Warner Brothers contacted Under Armour to outfit two of its feature films, ... sales of apparel, footwear and accessories represented 74.3%, 14% and 9.9% of net revenues, respectively. The company has been working to get back to growth on its home turf. You can apply the same method to get the average dividends per share growth rate. Under Armour on Friday reported earnings and sales that topped estimates, with consumers stocking up on the brand's sneakers and workout gear during the coronavirus pandemic. A Detailed Look At Under Armour’s segment performance and revenue change over the years: Apparel Segment Is Under Armour’s Largest Operating Segment, Footwear Segment’s Growth Has Normalized Since 2016, Accessories Segment Growth Likely To Rebound After A Difficult 2018, Licensing and Connected Fitness Is Under Armour’s Fastest Growing Segment, Based on our forecasts, Under Armour’s revenue per share for full-year 2019 is likely to be around $23.8. All Rights Reserved. As rivals started offering competing products, Under Armour's revenue growth slowed down markedly starting in 2017. ($ Million) Growth Rate (%) # Employees; 2019: Details in Premium Report: 2018: 2017: 2016: 2015: 2014: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Note: Under Armour's revenues are gauged from an analysis of company filings. Under Armour annual revenue for 2019 was $5.267B, a 1.42% increase from 2018. Last week, Under Armour reported YoY inventory growth of 24% and a turnover ratio of 2.39% — the lowest in the history of their company. Under Armour reported third-quarter adjusted EPS of 26 cents on $1.43 billion in revenue. All Rights Reserved, This is a BETA experience. Revenue (Quarterly) Yoy Growth is a widely used stock evaluation measure. Under Armour offered Wall Street a more upbeat outlook for 2020: It now expects full-year revenue to be down by a high-teen percentage rate. UA has added more than $1.2 billion to total revenue since 2015 at an average annual rate of 9.4% led by steady growth across all operating segments. You can apply the same method to get the average dividends per share growth rate. Apparel alone has added more than $660 million to total revenues-accounting for more than 50% of total incremental revenues. Under Armour (NYSE: UA) is one of the fastest-growing companies in the apparel industry. See How It’s Powering New Collaboration and What-Ifs, For CFOs and Finance Teams| Product, R&D, and Marketing Teams, Like our charts? This segment has been Under Armour’s fastest growing segment – adding more than $105 million to total revenues since 2015 at an average annual rate of 21%. As rivals started offering competing products, Under Armour's revenue growth slowed down markedly starting in 2017. The company has experienced substantial growth over the past decade, with their global net revenues amounting to approximately 5.27 billion U.S. dollars in 2019. In 2016, top-line growth was 22%, and it was only 1% higher in 2019. We expect this trend to continue over subsequent quarters thanks to increase in new subscription revenue partially offset by lower revenue from licensing partners in North America due to softer demand. We want to hear from you. Under Armour's market capitalization was valued at over US$10.7 billion in November 2018. In North America, revenue fell 5% to $963 million, while international sales increased 18% to $433 million. Under Armour, Inc. For the Three Months Ended September 30, 2020 (Unaudited) The table below presents the reconciliation of net revenue growth (decline) calculated according to GAAP to currency-neutral net revenue, a non-GAAP measure. It also cited strength in the running category. The company has experienced substantial growth over the past decade, with their global net revenues … Data is a real-time snapshot *Data is delayed at least 15 minutes. Under Armour's footwear revenue growth bested Nike Inc (NYSE: NKE), which saw a 4% rise in footwear for its last reported quarter. Under Armour's revenue growth for fiscal years ending December 2015 to 2019 averaged 11.8%. Under Armour shareholders allege in a lawsuit that executives of the sports apparel brand misled investors by inflating revenue growth An earlier version misstated the category. The company added +78.53% of value to its shares in past 6 months, showing an annual growth rate of -235.29% while that of industry is -21.3. July 31, 2020, 6:52 AM . Notably, a majority of this growth came in 2016 when the footwear segment grew by almost 50%. "The pandemic has given Under Armour, and many others, the permission to not grow revenues and instead focus on profits," BMO Capital Markets analyst Simeon Siegel said. In 2016, top-line growth was 22%, and it was only 1% higher in 2019. Under Armour Reports Flat Revenue Compared to Last Year in Q3: The $1.4 billion USD figure was achieved through considerable improvements in North America. It did caution, though, that profits will be pressured during the fourth quarter due to the competitive promotions around the holidays. "And I think that is critical.". Apparel segment consistently contributes a majority of its revenues, with an average revenue share of more than 67% in the last four years. EY & Citi On The Importance Of Resilience And Innovation, How Digital Workflows Helped Save Basketball During The Pandemic, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Kazakhstan: The Biggest Surprise In 2020 Frontier Financial Markets. However, going forward, we expect the segment to grow in low single-digits, mainly due to growth in most of the categories – led by men’s training. Previously, it had been calling for a drop of 20% to 25% in the second half of the year. Under Armour annual/quarterly net income history and growth rate from 2006 to 2020. Under Armour’s revenue growth in 2Q15 accelerated to 28.5% year-over-year or $784 million. Despite Wednesday's fall, Under Armour's Class A shares are still up 37.3 percent for the year. Net revenues increased 34% in the second quarter of 2014 to $610 million compared with net revenues of $455 … Meanwhile, Under Armour’s revenue increased 7% to $1.1 billion during the same time frame. Under Armour is an American sporting goods manufacturer, based in Baltimore, Maryland. Under Armour revenue beats, Caterpillar beats estimates in Q2, Colgate-Palmolive boosted by cleaning sales.