Under Armour’s Q4 footwear revenues leap 95%
28/01/2016
Of this, apparel revenues increased 22% to $865 million, footwear revenues increased 95% to $167 million - reflecting the Curry signature basketball line and expanded running offerings – and accessories revenues increased 23% to $97 million.
International net revenues, which represented 12% of total net revenues for the fourth quarter, grew 70% year-over-year.
CEO Kevin Plank said: "We delivered our 25th consecutive quarter of more than 20% net revenues growth in our largest product category of apparel. Moreover, we continued to diversify our product offering and geographic reach, driving significant market share gains in key strategic areas like basketball footwear, while better meeting the needs of the global athlete with investments in our global Brand House stores and e-commerce sites helping drive 70% growth in international.
"With our continued investments across people, systems, and digital, we are confident in our ability to build upon this tremendous momentum, reinforcing our belief that we are just getting started in becoming the next great global brand."
For 2015, net revenues increased 28% to $3.96 billion.
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