Under Armour’s footwear revenue hits $1 billion - sportstextiles: Lea SportsTextiles

News

Under Armour’s footwear revenue hits $1 billion

01/02/2017
Sports brand Under Armour recorded revenue of $4.8 billion in 2016, a 22% increase on the previous year, driven by strong performance in its footwear and women’s businesses. 

Its footwear sales topped $1 billion across the 12 months, a 50% improvement year-on-year. Under Armour said this was due to “balanced growth across all categories”, with especially goods results from its running and basketball segments. 

Apparel revenues increased 15% to $3.2 billion after good growth in golf, basketball and training products. Sales of accessories grew 17% and revenue from Under Armour’s growing Connected Fitness business jumped 51%.

International revenues made up 15% of Under Armour’s sales in 2016, up from 11% in the previous year. They grew 63%, while its North American revenue increased 16%.

Under Armour also announced that its chief financial officer, Chip Molloy, would be leaving the company due to personal reasons. David Bergman, the company’s vice president of corporate finance, will take over on an interim basis. He has been at Under Armour since 2005. 

Related stories:

Under Armour looks to accelerate footwear development 18/09/2017
Senior changes at Under Armour point to digital focus 28/06/2017
Dramatic slowdown in growth of Under Armour’s footwear sales 28/04/2017
Former GM man to guide innovation at Under Armour 14/03/2017
French Judo champion signs deal with Under Armour 17/02/2017
Under Armour’s Lighthouse bears first fruit 31/01/2017
Former VF man to lead Under Armour’s investor relations team 19/01/2017
Under Armour sleepwear range aids recovery 09/01/2017
Under Armour expands ‘smart’ shoe portfolio 15/12/2016
Under Armour agrees partnership with MLB 06/12/2016
Lighthouse is about much more than ‘made in the US’, Under Armour says 16/11/2016
Under Armour’s growth slows 26/10/2016
Under Armour set to sign deal with Major League Baseball 20/10/2016
Under Armour appoints “rising star” as new president for North America 26/09/2016
Under Armour presents sportswear collection in New York 16/09/2016

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.