Can Under Armour Continue To Grow Its Revenues This Year? – Forbes

Posted: September 27, 2019 at 1:44 pm

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Pedestrians walk past an Under Armour Inc. store in Shanghai, China, on Monday, Dec. 21, 2015. ... [+] Photographer: Qilai Shen/Bloomberg

Under Armour (NYSE: UA) is one of the fastest-growing companies in the apparel industry. Under Armour has achieved steady revenue growth in the last couple of years, with its revenues of $5.2 billion in 2018 marking a y-o-y growth of 4.1% driven by an increase in wholesale revenue, strong performance in apparel and footwear segments, partially offset by lower sales of accessories. Trefis captures trends in Under Armours Revenues over recent years in an interactive dashboard along with our forecast for the current year. We expect the company to achieve steady revenue growth and add more than $160 million to its top line in FY19 primarily due to growth in wholesale as well as direct-to-consumer business coupled with growth in its international business (particularly in Asia) mitigating the impact of soft demand in North America on its top line.

You can view the Trefis interactive dashboard to better understand the revenue trends and division-wise revenue performance, and alter the assumptions to arrive at your own estimate for the companys revenues. In addition, here is more Trefis Textiles, Apparel and Luxury Good Industry Data

A Quick Look at UAs Revenue Sources

UA reported $5.19 billion in total revenues in FY 2018. This included 4 revenue streams:

How Has Under Armours Revenue Trended Historically?


A Detailed Look At Under Armours segment performance and revenue change over the years:

Apparel Segment Is Under Armours Largest Operating Segment

Footwear Segments Growth Has Normalized Since 2016

Accessories Segment Growth Likely To Rebound After A Difficult 2018

Licensing and Connected Fitness Is Under Armours Fastest Growing Segment

Based on our forecasts, Under Armours revenue per share for full-year 2019 is likely to be around $23.8. Using this figure with our estimated forward P/S ratio of 0.9x, this works out to a price estimate of $22 for Under Armours stock which is roughly 20% ahead of the current market price

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Can Under Armour Continue To Grow Its Revenues This Year? - Forbes

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September 27th, 2019 at 1:44 pm

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