CEO Stephanie Linnartz Outlines Plans to Boost Sales and Returns for Shareholders

  • Under Armour’s full-year revenues increased by 3% to $5.9bn (£4.6bn)
  • Q4 revenues up by 8% to $1.4bn (£1.1bn)
  • Wholesale revenues rose by 6% to $3.5bn (£2.7bn)
  • Direct-to-consumer revenue declined 3% due to a drop in owned store revenue
  • North America revenue down 1% at $3.8bn (£3bn)
  • International revenue up 8% to $2bn (£1.5bn)
  • Apparel revenue increased 1% to $3.9bn (£3bn)
  • Footwear revenue surged 27% to $378m (£299m)
  • Accessories revenue down 1% to $96m (£76m)
  • Gross profit was $2.6bn (£2bn) and operating income was $284m (£225m)
  • Q4 gross profit at $606m (£480m) and operating income at $35m (£27m)
  • CEO Stephanie Linnartz aims to amplify global brand heat, elevate design, and focus on Sportstyle, footwear, and women’s products
  • Linnartz plans to leverage strong franchises for innovation across new products and markets

Sportswear brand Under Armour has announced a 3% increase in full-year revenues, reaching $5.9bn (£4.6bn) with Q4 revenues up by 8% to $1.4bn (£1.1bn). Wholesale revenues rose by 6% to $3.5bn (£2.7bn), while direct-to-consumer revenue declined due to a drop in owned store revenue. North America revenue was down 1% at $3.8bn (£3bn) and international revenue increased by 8% to $2bn (£1.5bn). Apparel revenue increased 1% to $3.9bn (£3bn), footwear revenue surged 27% to $378m (£299m), and accessories revenue fell 1% to $96m (£76m). Gross profit was $2.6bn (£2bn) with an operating income of $284m (£225m) for the full year, while Q4 gross profit reached $606m (£480m) and operating income hit $35m (£27m). CEO Stephanie Linnartz plans to amplify global brand heat, elevate design, and focus on Sportstyle, footwear, and women’s products for future growth. The company expects revenue to remain flat or slightly up in FY2024 with operating income between $310m (£245m) and $330m (£261m).

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Under Armour’s financial performance, including revenue growth, wholesale and direct-to-consumer revenues, and the company’s outlook for future growth. It also includes a quote from the CEO that supports the information presented.
Noise Level: 3
Noise Justification: The article provides relevant financial information about Under Armour’s revenue and performance, but lacks analysis or insightful commentary on the company’s future plans or industry trends.
Financial Relevance: Yes
Financial Markets Impacted: Under Armour’s financial performance impacts its stock price and investor sentiment
Financial Rating Justification: The article discusses Under Armour’s financial results, including revenue growth, gross profit, and operating income, which can affect the company’s market value and investor confidence.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

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