Price as on December 31, 2024:-
US: NYSE: US$8.28
Data source: Google Finance
Started in 1996 at Mr. Kevin Plank’s (President and CEO) grandma’s basement, Under Armour surpassed US$1 billion in annual revenue just 15 years. Within a short time, Under Armour gained so much popularity that some of the world’s top famous athletes embraced its sponsorship and went on to advertise its products. UA posted 26 quarters in a row of 20% or greater y-o-y revenue growth. Having HQ in Baltimore, Under armour has server offices around world such as Hong Kong, China, Canada, Amsterdam, Indonesia and so on. Over 150 factories/facilities worldwide most are at Asian countries are producing UA’s shoes and clothing. Under Armour had a Revenue Growth Rate of 4% over the last five years on average, revenue of 2023 was over US$5 billion, the company currently operates over 350 stores worldwide.
Q2 of fiscal 2025, revenue was down 11 percent to US$1.4 billion (down 10 percent currency neutral). Operating income was $173 million. Net income was $170 million. “Our second quarter fiscal 2025 performance demonstrates that our strategy to reconstitute the Under Armour brand and establish a more premium position in the marketplace is gaining traction,” said Under Armour President and CEO Mr. Kevin Plank. “With better-than-expected results, we are pleased to raise our full-year profitability outlook while simultaneously increasing marketing investments to amplify our brand.”
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