. home.aspx

NEWS

home.aspx
   


Under Armour plans to be 'a louder brand' in 2019

February 12, 2019 / Cara Salpini
SHARESHARESHARE

Under Armour on Tuesday reported revenue of $1.4 billion, an increase of 2%, for the fourth quarter, according to a company press release. Wholesale revenue was $737 million, up 1% from the year-ago period, and direct-to-consumer revenue was $577 million, flat from a year ago.Net income for the athletics retailer was $4 million, compared to an $87.9 million loss in the year-ago quarter, while adjusted net income was $42 million, according to the release. Gross margin increased 160 basis points in the quarter to 45%, driven by lower promotional activity, and regional and channel mix, among other things.The operating loss at Under Armour was $10 million, while adjusted operating income was $40 million. Executives also noted in a call with analysts that the company paid down $326 million in debt over the past year.