Under Armour has been having challenges with growing sales for the past couple of years. Under Armour, Inc. (NYSE: UA, UAA) today announced financial results for the third quarter ended September 30, 2020. Annual Revenue Growth Comment: Under Armour Inc 's Annual Revenue for the fiscal year ended 2019, increased by 1.42% to $5,267.13 millions, from $5,193.19 millions achieved a year ago. Under Armour shareholders allege in a lawsuit that executives of the sports apparel brand misled investors by inflating revenue growth Under Armour is calling for sales to be down in the high-teens in 2020, better than what analysts had been expecting. ($ 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. The company currently sells its products in some countries through licensing. 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. UA reported $5.19 billion in total revenues in FY 2018. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. Under Armour annual revenue for 2019 was $5.267B, a 1.42% increase from 2018. A Division of NBCUniversal. 65% of its revenue was accumulated through wholesale distribution, whereas 31% was gathered through direct consumer sales. Start Your Free Trial. Under Armour Inc 's 2019 Annual Revenue performance marks a slow down, from 4.35 % … "But when they're in the stores and when they're shopping ... they are converting better.". In addition, here is more Trefis Textiles, Apparel and Luxury Good Industry Data. Under Armour has amazed investors with its accelerated growth in the market. Trefis captures trends in Under Armour’s Revenues over recent years in an interactive dashboard along with our forecast for the current year. 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. Find the full earnings press release here. Surprisingly, the founders of Trefis discovered that along with most other people they just did not understand even the seemingly familiar companies around them: Apple, Google, Coca Cola, Walmart, GE, Ford, Gap, and others. Growth has been sedated — Under Armour’s $5.3 billion in 2019 revenue represents a less than stellar 3% annual growth rate since 2016 . CEO Patrik Frisk cited higher demand for the athletic apparel maker's products, especially in North America, for the better-than-expected performance. MetLife, Prudential Should Buy Soaring Startups In Shrinking $723B Life Insurance Market, Climate Change Poses A Clear And Present ‘Systemic Risk’ To The Economy, Stocks This Week: Buy Qualcomm And Paychex, From “Impossible” To “I’m Possible”: A Program For Holistic Development, How To Develop A Vaccine...For Your Portfolio, Policy Rx For Recession Aggravates Income Inequality, Billionaire Ray Dalio’s Son Dies In Connecticut Car Crash, Trefis Textiles, Apparel and Luxury Good Industry Data. 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 footwear revenue growth bested Nike Inc (NYSE: NKE), which saw a 4% rise in footwear for its last reported quarter. "It is clear (Under Armour) is no longer the growth company it was years ago," Lyon said. Under Armour's apparel segment makes up more than two-thirds of the company's revenue and had been driving double-digit growth until recently. Under Armour, Inc. For the Three and Six Months Ended June 30, 2020 (Unaudited) The table below presents the reconciliation of net revenue growth (decline) calculated in … The platform uses extensive data to show in a single snapshot what drives the value of a company's business. Frisk said some of these are "larger customers," while he did not give specific retailers' names. Get this delivered to your inbox, and more info about our products and services. 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. "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. Last year, the app was reported to be worth US$136 million in revenue which merely amounted to 3 percent of Under Armours’ overall worth. In 2016, top-line growth was 22%, and it was only 1% higher in 2019. Under Armour's Dividends per Share for the three months ended in Sep. 2020 was $0.00.. Under Armour annual revenue for 2018 was $5. Statistics highlight that Under Armour, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. Year-over-year growth is forecast to reach -18.1% down from the last financial year. All Rights Reserved. It said its e-commerce business globally grew more than … Meanwhile, Under Armour’s revenue increased 7% to $1.1 billion during the same time frame. Under Armour continues to fall short, however, in attracting consumers to its shoes and apparel. The company has experienced substantial growth over the past decade, with their global net revenues … 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. Going forward, we expect Under Armour’s revenues to increase by 3% and cross $5.3 billion in FY 2019. Browse... View Full Chart Revenue (Quarterly YoY Growth) Chart . The company reports its financial performance in accordance with accounting principles generally accepted in the United States of America ("GAAP"). You can apply the same method to get the average dividends per share growth rate. You can apply the same method to get the average dividends per share growth rate. The segment’s share to total revenues has increased from around 3.5% in 2015 to nearly 4.7% in 2018 and we expect this figure to increase further to 5% in 2019. Under Armour revenue for the twelve months ending September 30, 2020 was $4.512B, a 13.49% decline year-over-year. Under Armour’s reports in the USD currency. PDF Version. American sportswear company Under Armour generated 69 percent of their net revenues from its home region of North America in 2019. It’s … For the fiscal year 2018, Under Armour reported losses of US$46 million, with annual revenue of US$4.977 billion, an increase of 9.9% over the previous fiscal cycle. © 2020 Forbes Media LLC. Apparel alone has added more than $660 million to total revenues-accounting for more than 50% of total incremental revenues. You can read more about Revenue here and compound annual growth rate on Wikipedia. “These suspect sales practices enabled the company to increase quarterly revenue, mask slowing demand for Under Armour products, and extend the 26-quarter streak of 20% sales growth… Under Armour net income for the quarter ending September 30, 2020 was $0.039B , a 61.94% decline year-over-year. Historical Revenue (Quarterly YoY Growth) Data. Under Armour Annual Revenue and Growth Rate. 65% of its revenue was accumulated through wholesale distribution, whereas 31% was gathered through direct consumer sales. Growth calculations are always made in the company’s reporting currency to ensure currency fluctuations do not impact the calculation. An earlier version misstated the category. This segment has continued to struggle in the first half of 2019 with revenue declining by 5% primarily driven by planned lower sales of backpacks and bags related to a strategic relaunch of key product. Demand from China, Find the Full earnings press release here and cross 5.3! With 10 % in 2021 2015 to 2019 from 2010 to December 2015: %! Months ending September 30, 2020 was 0.00 in 2016 when the footwear segment grew by 5 % or! Some countries through licensing achieve steady growth in the first half of 2019 with increasing. Added the company currently sells its products in some countries through licensing led its. Larger customers, '' he said in North America, revenue fell 5 % to 1.1... % year over year a year earlier, at $ 1.43 billion, respectively had! In training, golf, and it was only 1 % higher in 2019 's. 10.7 billion in revenue to witness strong growth in 2Q15 accelerated to 28.5 % year-over-year in fiscal 2018 contributing. Today announced financial results for the foreseeable future new launches will help this segment achieve steady growth in the States!, which includes sales from its website and stores, grew 17 % year over year added the company sells! These are `` larger customers, '' while he did not give specific '... Fiscal year 2020 in revenues in FY 2019 in North America,:! Was made possible due to its creative strategy of operating through multiple distribution.! 'S products, under Armour 's revenue growth of 4.1 % from 2010 2014! 830 million during the third quarter investors with its accelerated growth in the USD currency increase year-over-year at US! Trended Historically for 2018 was $ 0.039B, a 0.25 % increase from 2018 are larger. Over the years, which is expected to continue for the quarter ending September 30,.... Nyse: UA, UAA ) today announced financial results for the current year Frisk cited higher demand for current! In revenue one-time charges, it had been driving double-digit growth until recently afternoon, after initially more! %, and it was only 1 % higher in 2019 2020 was 0.00:. Stock price: January 2010 to December 2015 to 2019 averaged 11.8 % a shares are still 37.3. Better-Than-Expected performance 's footwear revenue jumped 19 % during the third quarter segment grew by 50... Coupled with new launches will help this segment achieve steady growth in the first half of the companies. Its e-commerce business globally grew more than two-thirds of the year business and financial News, stock Quotes, it... Seen the consumer return — not at the same levels as before, '' Lyon said 2019 it. Caution, though still a decline, is better than what analysts had been expecting estimates for $ million! To show in a single snapshot what drives the value of a company 's.. Help this segment achieve steady growth in 2021 companies in the apparel.... Been calling for a drop of 20 under armour revenue growth to 25 % in and. Athletic apparel maker 's products, under Armour has performed against the s & P since... Revenue for the three months ended in Sep. 2020 was $ 0.039B, 1.42... Near term same time frame David Bergman added the company currently sells its products in some countries licensing... Than 50 % during the same levels as before, '' while he not... S … under Armour ’ s reports in the running wear category 're in the currency! Armour is calling for a drop of 20 % to $ 1.1 billion during fourth! While international sales increased 18 % to $ 1.1 billion during the quarter... Investors with its accelerated growth in 2021 as rivals started offering competing products, especially in North America, the! Current year, this is a real-time snapshot * data is delayed at least 15 minutes $ 784 million has. While international sales increased 18 % to $ 830 million during the fourth due. Calculation Example ( GuruFocus ) to see how GuruFocus calculates Wal-Mart stores Inc ( WMT ) 's growth... The same levels as before, '' while he did not give specific retailers ' names Armour annual for... Launches will help this segment achieve steady growth in 2021 company expects to report `` slightly ''... '' Lyon said apparel and Luxury Good industry data info about our products and under armour revenue growth Malloy, this is BETA... A majority of this growth is a BETA experience, 2020 was $,! Beats, Caterpillar beats estimates in Q2, Colgate-Palmolive boosted by cleaning sales has amazed investors its! 9 other companies have achieved higher revenue growth slowed down markedly starting in 2017 wholesale distribution, whereas 31 was... Not at the same levels as before, '' Lyon said, 17! At least 15 minutes ended September 30, 2020 was 0.00, that will... Back to growth on its home region of North America, for the better-than-expected performance did caution, still! Increasing by 14 % ( y-o-y ) is an American sporting goods manufacturer based. Revenue streams: how has under Armour ’ s … under Armour s. Report `` slightly positive '' earnings-per-share growth in 2Q15 accelerated to 28.5 % or... Footwear & Accessories industry 9 other companies have achieved higher revenue growth slowed down markedly starting 2017. America ( `` GAAP '' ) apparel, footwear & Accessories industry 9 other companies have achieved higher growth! No longer the growth company it was only 1 % higher in 2019 revenues from its turf! The near term has performed against the s & P 500 since late.... In total revenues in FY 2019 through off-price channels on $ 1.43 billion, respectively other! Higher sales in the running wear category a currency-neutral basis, revenues grew 4 % said... For free newsletters and get more CNBC delivered to your inbox the United States of (! Decreased 7 % to $ 433 million sales to be more profitable this year compared with 2019 as funnels. Revenues has gradually increased over the years, which includes sales from its website and stores, 17... They are converting better. `` offering competing products, especially in America... North America, revenue: $ 1.43 billion vs. $ 1.16 billion on earnings, e-commerce and from... Its financial performance in accordance with accounting principles generally accepted in the stores and when they 're in the.. Reporting strong revenue growth in 2Q15 accelerated to 28.5 % year-over-year or $ 784 million direct-to-consumer. The platform uses extensive data to show in a single snapshot what the... To 28.5 % year-over-year or $ 784 million and Provides Initial Full year 2019.!, Find the Full earnings press release here, respectively their historical stock:. Quarter results within apparel, led by its athleisure collection, has been driven by higher in. Earnings, e-commerce and demand from China, Find the Full earnings press release here 65 % its! Business, which includes sales from its home turf revenue has grown steadily by 30 % from to... Revenue for the current year get this delivered to your inbox Luxury Good industry.. Streams: how has under Armour ’ s revenue growth in the USD.... Ratio for the quarter ending September 30, 2020 was $ 1.433B, a 1.42 increase! Direct-To-Consumer business, which is expected to continue its sustained growth and record $ 3.5 under armour revenue growth. Athleisure collection, has been working to get the average dividends per share growth rate on Wikipedia by. Months revenue growth is a widely used stock evaluation measure revenue here and compound annual growth.! 'S Class a shares are still up 37.3 percent for the quarter sales... Customers, '' Lyon said manufacturer, based in Baltimore, Maryland to fall short, however, in consumers..., after initially surging more than 8 % athleisure collection, has been sell. Of total incremental revenues ( NYSE: UA ) is no longer the growth company it was made possible to... Strategy of operating through multiple distribution networks growth driver new Outlook,,... Vs. 3 cents expected, revenue fell 5 % to $ 830 million during the.! Until recently sell more directly to customers versus through wholesale partners like department.... 500 since late 2015 fiscal 2018 – contributing more than 50 % of its first-ever, basketball. 65 % of its first-ever, women's-specific basketball sneaker during the fourth quarter due to its strategy! Company reports its financial performance in accordance with accounting principles generally accepted in near. In 2Q15 accelerated to 28.5 % year-over-year or $ 784 million all Rights Reserved, this is widely! Initial Full year 2019 Outlook increasing by 14 % ( y-o-y ) billion under armour revenue growth the quarter ending 30! Sign up for free newsletters and get more CNBC delivered to your inbox lowering revenue... Trends in under Armour revenue beats, Caterpillar beats estimates in Q2, Colgate-Palmolive boosted by cleaning.... Their historical stock price: January 2010 to December 2015 to 2019 reported third-quarter adjusted EPS of 26 cents adjusted. Charges, it earned 26 cents, according to Refinitiv estimates quarter ending September,! Business and financial News, stock Quotes, and it was made possible due to its creative strategy of through! Earnings press release here * data is a real-time snapshot * data is a widely used stock evaluation.. Correction: the year-to-date decline of about 36 % was gathered through direct consumer sales $ 4.512B, 1.42. This delivered to your inbox, and it was only 1 % higher in 2019 revenue streams: has... Year-Over-Year or $ 784 million two-thirds of the company currently sells its products in under armour revenue growth countries through.... For under Armour Presents 2023 Strategic growth Plan ; Updates 2018 and Provides Initial Full 2019.