World Footwear

Companies

Under Armour posts two digits growth in sales

Nov 1, 2016 United States
Under Armour posts two digits growth in sales
Net revenues increased by 22% in the third quarter of 2016 totaling 1.47 billion US dollars compared with net revenues of 1.20 billion US dollars in similar period in 2015. On a currency neutral basis, net revenues increased by 23%
Net income increased by 28% in the third quarter of 2016 and reached 128 million US dollars compared with 100 million US dollars in the prior year's period.

During the third quarter, wholesale net revenues grew by 19% year-over-year totaling 1.01 billion US dollars compared to 850 million US dollars in similar period last year. Direct-to-Consumer net revenues grew by 29% year-over-year to 408 million US.

Footwear net revenues increased by 42% totaling 279 million US dollars, mainly driven by strong growth in running and basketball. In the same period, apparel and accessories net revenues increased by 18%.

Kevin Plank, Chairman and CEO of Under Armour, stated: "Under Armour is a growth company and our ambitions for the Brand have never been higher. This marks our 26th consecutive quarter of 20+% revenue growth demonstrating the strength of the Under Armour Brand. From the Olympic Games in Rio to the launch of Under Armour Sportswear at New York Fashion Week, the Under Armour Brand continues to extend its reach to new consumers while remaining authentic and rooted in sport.  In the third quarter, our key strategies and investments to diversify our portfolio on a global scale were evident across categories, channels, and geographies."

Related Events

  • Feb
    10
    Feb 10-Feb 12, 2025 | Las Vegas, United States

    Magic Las Vegas

  • Feb
    10
    Feb 10-Feb 12, 2025 | Las Vegas, United States

    Project Las Vegas

  • Feb
    10
    Feb 10-Feb 12, 2025 | Las Vegas, United States

    Sourcing at MAGIC Las Vegas

  • Feb
    12
    Feb 12-Feb 13, 2025 | Portland, United States

    NW The Materials Show

Related Organizations

  • BSTA - Boston Shoe Travelers Association

    BSTA - Boston Shoe Travelers Association

    United States
  • Brooklyn Shoe Space

    Brooklyn Shoe Space

    United States
  • USRA - United Shoe Retailers

    USRA - United Shoe Retailers

    United States
  • L&HCA - Leather & Hide Council of America

    L&HCA - Leather & Hide Council of America

    United States