Under Armour Grows International Sales by Astounding 93%
Under Armour just announced its 21st consecutive quarter of over 20% revenue growth as the brand continues to see unprecedented growth both in the United States and international markets.
Under Armour finished second in RIS News' annual Top 10 Apparel ranking, available for free download here, thanks in no small part to over 32% growth in all three financial metrics examined in the report — stock price, revenue, and profit change year over year.
In Under Armour's latest release of financials, the fitness apparel brand continues to outpace much of the apparel segment. In Q2 2015 Under Armour reported a staggering 93% increase in international revenue. Even more encouraging for the retailer is that although its numbers have certainly been impressive it still sees plenty of room for increased performance as efficiencies increase.
"The new markets continue to be a real big opportunity for us," Kevin Plank, chairman and CEO said. "One thing I don't want to get lost is it's not all roses either. Going globally is not an easy thing. It's a slug. It’s an investment. And it's something we will continue to get better.
"So while we’re pleased with the results that we’re seeing. We still see that there is a tremendous amount of meat left on the bone with the opportunity for us to improve. Our fulfillment rates are not where they need to be, the wholesale partners have been incredibly patient with us as we get this settled and organized."
In addition to its stellar financial returns, Under Armour finished in first place in employee CEO approval rating and second place in employee satisfaction among the 30-plus apparel retailers examined in the report. For an expanded look at Under Armour's rank among its key competitors and to see the entire Top 10 list click here for free download.
Under Armour finished second in RIS News' annual Top 10 Apparel ranking, available for free download here, thanks in no small part to over 32% growth in all three financial metrics examined in the report — stock price, revenue, and profit change year over year.
In Under Armour's latest release of financials, the fitness apparel brand continues to outpace much of the apparel segment. In Q2 2015 Under Armour reported a staggering 93% increase in international revenue. Even more encouraging for the retailer is that although its numbers have certainly been impressive it still sees plenty of room for increased performance as efficiencies increase.
"The new markets continue to be a real big opportunity for us," Kevin Plank, chairman and CEO said. "One thing I don't want to get lost is it's not all roses either. Going globally is not an easy thing. It's a slug. It’s an investment. And it's something we will continue to get better.
"So while we’re pleased with the results that we’re seeing. We still see that there is a tremendous amount of meat left on the bone with the opportunity for us to improve. Our fulfillment rates are not where they need to be, the wholesale partners have been incredibly patient with us as we get this settled and organized."
In addition to its stellar financial returns, Under Armour finished in first place in employee CEO approval rating and second place in employee satisfaction among the 30-plus apparel retailers examined in the report. For an expanded look at Under Armour's rank among its key competitors and to see the entire Top 10 list click here for free download.