Found inside... IP over the next seven years into $450 million in licensing revenues. ... Property in the Board Room” 24 In its early years, Under Armour (UA) was a ... Under Armour has suffered from declining sales over the last two years. Within the international business, revenue increased 41 percent in EMEA, 120 percent in Asia-Pacific, but fell 9 percent in Latin America. But before I hand over to Patrik, I'd like to take a moment to recognize Carrie Gillard and the fact that this is her last earnings call with Under Armour. Under Armour now expects revenues for the full 2021 fiscal year to be up by a high-teen percentage rate, compared with the previous expectation of a high-single-digit percentage rate increase. All quotes are in local exchange time. Intraday Data provided by FACTSET and subject to terms of use. Revenue was up 91 percent to $1.4 billion (up 85 percent currency neutral) compared to the prior year. The forward-looking statements contained in this press release reflect our current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause events or our actual activities or results to differ significantly from those expressed in any forward-looking statement. Under Armour’s footwear segment has added $385 million to Under Armour’s revenues since 2015, growing at an average annual rate of 16.2%. At the time of this writing, the total market value of the company is set at 8.49B, as it employees total of 7000 workers. Under Armour Inc raised its full-year revenue forecast on Tuesday after it topped quarterly estimates, as reopening markets in the United States and Asia fuel demand for the company’s sports shoes and apparel. This press release refers to “currency neutral” amounts. Under Armour now expects revenues for the full 2021 fiscal year to be up by a high-teen percentage rate, compared with the previous expectation of a high-single-digit percentage rate increase. Causes of Flagging Growth. Under Armour's net revenue in the United States from 2015 to 2020. A $23 million tax expense, which had a $0.05 negative earnings per share impact related to the recording of valuation allowances against certain of the company’s U.S. state deferred tax assets. Until then, it had been among the fastest-growing apparel makers, riding 26 straight quarters of at least 20% year-over-year revenue growth. Revenue was down 15 percent to $4.5 ... Fiscal Year End Change. As Under Armour continues to monitor the potential global impacts of COVID-19, the company remains focused on protecting its teammates' and consumers' health and safety while working with its suppliers, partners, and customers to minimize potential disruptions. In 2015, Under Armour acquired the company for $475 million, the second in a series of technology acquisitions by the sport apparel brand, as it attempted to become a connected fitness brand as well. Management believes this supplemental information is useful to investors to facilitate a comparison of the company's results of operations period-over-period. Revenue was up 91 percent to $1.4 billion (up 85 percent currency neutral) compared to the prior year. As previously disclosed, the company anticipates recognizing additional charges related to this plan in the first half of 2021. Found insideNike, Adidas, and Under Armour brands profit heavily through sponsorships ... which includes at least $18.67 million per year in apparel and equipment, ... Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, such as statements regarding our future financial condition or results of operations, our prospects and strategies for future growth, the impact of the COVID-19 pandemic on our business and results of operations, our plans to reduce our operating expenses, anticipated charges and restructuring costs, projected savings related to our restructuring plans and the timing thereof, the development and introduction of new products, the implementation of our marketing and branding strategies, and the future benefits and opportunities from significant investments. Following a three month-transition period (January 1 â March 31, 2022), Under Armour's fiscal 2023 will run from April 1, 2022, through March 31, 2023. Additionally, the company's non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. Under Armour Reports Second Quarter Net Revenues Growth Of 34%; Raises Full Year 2014 Net Revenues and Operating Income Outlook Second Quarter Net Revenues Increased 34% to $610 Million Company Raises 2014 Net Revenues Outlook to a Range of $2.98 Billion to $3.0 Billion (+28% to +29%) from $2.88 Get the detailed quarterly/annual income statement for Under Armour, Inc. (UA). UAA earnings call for the period ending March 31, 2021. The strong results prompted Under Armour to bump up its full-year revenue outlook to $5 billion, up from $4.95 billion previously. Privacy Policy Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, such as statements regarding our 2020 outlook and our future financial condition or results of operations, our prospects and strategies for future growth, potential restructuring efforts, including the scope of these restructuring efforts and the amount of potential charges and costs, the timing of these measures and projected savings, the impact of coronavirus on our business during the first quarter of 2020 and thereafter, the development and introduction of new products, the implementation of our marketing and branding strategies, the impact of our investment in our licensee on our results of operations, and the future benefits and opportunities from significant investments. Aug. 3, 2021 at 7:01 a.m. Revenue was up 91 percent to $1.4 billion (up 85 percent currency neutral) compared to the prior year. Management believes this information is useful to investors because it enhances visibility into its actual underlying results, excluding these impacts. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Between 2010 and 2016, Under Armour's sales more than quadrupled from $1.1 billion to $4.8 billion, a CAGR of 28.7 percent. ... Key points related to Under Armour's full-year 2021 outlook include: Based on initial assessments and timing of a potential restructuring initiative, the company could realize approximately $30 million to $50 million in pre-tax benefits in 2020. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "outlook," "potential" or the negative of these terms or other comparable terminology. Analysts expected revenue of $1.21 billion, for the quarter. A $0.05 negative earnings per share impact related to the recording of valuation allowances against certain of the company’s U.S. state deferred tax assets. These supplemental non-GAAP financial measures should not be considered in isolation and should be contemplated in addition to, and not as an alternative for, the company's reported results prepared per GAAP. Diluted earnings per share for 2014 increased 27% to $0.95 compared with $0.75 per share in the prior year. Under Armour 2019 annual EPS was $0.2, a 300% decline from 2018. (410) 246-6810, Diane Pelkey Under Armour's Board of Directors has authorized a change in its fiscal year-end from December 31 to March 31, effective for the fiscal year beginning April 1, 2022. Full Year 2020 Review. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance, or achievements. Found insideThe distinction here for Under Armour was the fact that taking its product ... Under Armour's current sales channels could purchase its products easily. Found inside... 2017), https://fortune.com/2017/07/27/nike-under-armour-revenue-goals/. 3. K. Leswing, “Apple CEO Tim Cook's Total Pay Dropped Last Year, but He Still ... Found inside – Page 39... millions) was taken from recent annual reports of Nike and Under Armour. Nike Under Armour Sales revenue Average accounts receivable balance $36,397.0 ... A $39 million impairment charge, which had an $0.08 negative earnings per share impact related to the company’s equity interest investment in its Japan licensee. Today, February 10, 2020, Under Armour announced unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020. Second quarter revenue at Under Armour was up 91 percent or 85 percent to 1.4 billion dollars compared to the prior year. Do the numbers hold clues to what lies ahead for the stock? Additionally, the company's non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. Revenue grew just 9 percent total to Revenue rose 91% to $1.4 billion in the three months that ended June 30, compared with revenue of $707.6 million in the coronavirus pandemic-decimated second quarter of 2020, the company reported. In 2019, around 66 percent of Under Armour’s net revenue was generated in its home market of North America. The company reduced its advertising spending in the United States to 366 million U.S. dollars in 2018, but can rely on the marketing power of one of the NBA’s highest-paid players to boost the impact of the brand: Stephen Curry. For 26 consecutive quarters, beginning in the second quarter of 2010 through the third quarter of 2016, Under Armour reported year-over-year revenue growth in excess of 20%. Under Armour Used Pull Forwards to Meet Analysts’ Revenue Estimates 7. Globally, while traffic trends within the company's owned retail locations remain challenged, conversion trends remain strong. The call will be webcast live at https://about.underarmour.com/investor-relations/financials and will be archived and available for replay approximately three hours after the live event. Found inside – Page 63917Sarah Meehan, “Year in Review: Under Armour Stock Price Balloons on New Products, ... “Under Armour Profit Up 27 Percent in Third Quarter,” Baltimore Sun, ... Found inside – Page 50Although Under Armour posted more than $700 million in revenue in 2008, the company's executives knew that competing with Nike ($19 billion in revenue in ... Found inside – Page 232REAL WORLD MAD 4-4 Analyze Under Armour Obj . 7 The following year - end data were taken ... and mining equipment with revenue over $ 50 billion per year . Under Armour (UAA) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.04 per share. View the latest UA financial statements, income statements and financial ratios. Found insideNew player to the shoe market Under Armour's annual budget is $2.33 billion which includes footwear revenues of $299 million and a marketing expense of ... That is particularly true in North America, where revenues slipped 2 percent last year to $3.7 billion. Under Armour 2018 annual EPS was $-0.1, a 9.09% decline from 2017. ", - Patrik Frisk, President and CEO Under Armour, https://about.underarmour.com/investor-relations/financials, http://www.prnewswire.com/news-releases/under-armour-reports-fourth-quarter-and-full-year-2020-results-provides-initial-2021-outlook-301225466.html. Found inside – Page 328Plank took his Baltimore-based sportswear company, Under Armour, ... Specically, Under Armour plans to double its revenue in 3 years to $4 billion by, ... Accessories revenue increased 32 percent to $145 million. (410) 246-5927, View original content to download multimedia:http://www.prnewswire.com/news-releases/under-armour-reports-fourth-quarter-and-full-year-2019-results-provides-initial-2020-outlook-301002141.html, © Under Armour™, Inc. Find out the revenue, expenses and profit or loss over the last fiscal year. Under Armour closed up $1.59, or 7.5 percent, to $22.70 on the Nasdaq. By markets, North America revenue increased 32 percent to 806 million dollars, while international revenue was up 58 percent to 452 million dollars. Under Armour has logged 26 straight quarters of 20% or better year-over-year sales growth. Accessories revenue was relatively flat at $414 million. CA Supply Chains Act, https://about.underarmour.com/investor-relations/financials, http://www.prnewswire.com/news-releases/under-armour-reports-fourth-quarter-and-full-year-2019-results-provides-initial-2020-outlook-301002141.html. It expects only modest growth in earnings per share in 2021 after a full-year revenue decline for 2020 that was expected to be in the high teens. Under Armour has logged 26 straight quarters of 20% or better year-over-year sales growth. By using this site you agree to the
Found inside – Page 89Revenue The graph represents the revenue R (in millions of dollars) for Under Armour from 2008 through 2013, where t represents the year, ... This outlook does not contemplate additional financial or operational impacts past the first quarter of 2020. Create a list of the investments you want to track. The company’s initial 2020 outlook currently includes an estimated negative impact of the coronavirus outbreak in China of approximately $50 million to $60 million in sales related to the first quarter of 2020. Found inside – Page 258Executives at Under Armour, which had more than $700m in revenue last year, knew that making a run at $19bn-a-year Nike wouldn't be easy, so they set out to ... … Found inside – Page 124I'm giving you the “long story short" version of the Under Armour story. In its first five years, the company went to $5 million in and sales. Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer and distributor of branded athletic performance apparel, footwear and accessories. Found inside – Page 10Year Ended Sales Revenue Total Assets Asset Turnover 1.39 ( $ and € in millions ) Nike ( NKE ) Under Armour ( UA ) Adidas ( ADDYY ) May 31 , 2011 Dec 31 ...
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