Under Armour boost revenue in Asia and Europe

YarnsandFibers News Bureau 2020-02-14 07:57:02 – None

Sports brand Under Armour has reported full-year revenues for 2019 of more than $5.25 billion, an increase of 1.2% compared to the previous year.

Revenues from apparel were flat at just under $3.5 billion, but it achieved a 2.2% increase in footwear revenues, with a total of a little under $1.1 billion.

Under Armour’s sales in North America fell by 2.1% to just under $3.7 billion, but it achieved growth of 14.2% in Asia and of 5.1% in Europe.

Asia overtook Europe as the brand’s second-biggest market in 2019 with revenues of $636.3 million, compared to Europe’s $621.2 million.

Source: Sports Textiles

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