Home / Knowledge / News / Apparel/Garments / Under Armour's net income up 63% in Q1 2016
Under Armour's net income up 63% in Q1 2016
Apr '16
Courtesy: Under Armour
Courtesy: Under Armour
Under Armour, a 20-year-old, US based apparel and fashion products supplier, saw a rise of 63 per cent to $19 million in its net income in the first quarter of 2016 as compared to $12 million in the corresponding quarter last year.

Diluted earnings per share for Q1 of 2016 stood at $0.04 as compared to $0.03 in 2015, according to a press statement released by Under Armour.

Net revenue for the first quarter of 2016 was $1.05 billion as compared to $805 million in the same period of the previous year, a rise of 30 per cent.

Apparel net revenue rose by 20 per cent to $667 million as compared to $555 million previously. Net revenue for the footwear division increased to $264 million from $161 million in 2015. Accessories division's net revenue stood at $80 million in 2016 as compared to $63 million in the prior year.

Commenting on the results, Kevin Plank, chairman and CEO of Under Armour said, “For the past 24 consecutive quarters or six years, we have driven net revenue growth of above 20 per cent. We are incredibly proud of our start to 2016 with the first quarter net revenue growth of 30 per cent.”

“The strong results posted this quarter truly demonstrate the balanced growth of our brand across product categories, channels and geographies,” he added.

Based on current visibility, the company expects 2016 net revenue of approximately $5 billion, representing growth of 26 per cent over 2015. (MCJ)

Fibre2Fashion News Desk

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search