under-armour-revenue-by-geography

Under Armour Revenue By Geography

Business / By / March 16, 2023
  • North America revenues: $3.66 billion in 2019, $2.94 billion in 2020, and $3.81 billion in 2021.
  • EMEA revenues: $0.62 billion in 2019, $0.60 billion in 2020, and $0.84 billion in 2021.
  • Asia-Pacific revenues: $0.64 billion in 2019, $0.63 billion in 2020, and $0.83 billion in 2021.
  • Latin America revenues: $0.20 billion in 2019, $0.16 billion in 2020, and $0.20 billion in 2021.
  • North America revenues: Decreased by 19.7% from 2019 to 2020, and increased by 29.4% from 2020 to 2021.
  • EMEA revenues: Decreased by 3.2% from 2019 to 2020, and increased by 40.8% from 2020 to 2021.
  • Asia-Pacific revenues: Decreased by 1.6% from 2019 to 2020, and increased by 32.3% from 2020 to 2021.
  • Latin America revenues: Decreased by 20% from 2019 to 2020, and increased by 18.5% from 2020 to 2021.

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Under Armour Revenue

under-armour-revenue
In 2021, the company’s net revenues increased to $5.68 billion, up from $4.47 billion in 2020, representing a 27% growth. The net revenues in 2021 were higher than the net revenues in 2019, which were $5.27 billion, representing an 8% growth compared to 2021. The decrease in net revenues from 2019 to 2020 was approximately 15%.

Under Armour Profitability

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In 2019, the company reported a net income of $0.09 billion. In 2020, the company had a net loss of $0.55 billion. In 2021, the company’s net income was $0.36 billion.

Under Armour Revenue By Channel

under-armour-revenue-by channel
In 2021, wholesale accounted for 57% of the company’s financial data. Licensing represented a smaller portion, contributing 2% to the financial data. Direct-to-consumer sales made up a significant share, comprising 41% of the financial data in 2021.

Under Armour Revenue By Product

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Apparel revenue: $3.47 billion in 2019, $2.88 billion in 2020, and $3.84 billion in 2021. Apparel has been the largest revenue contributor in each year. Footwear revenue: $1.09 billion in 2019, $0.93 billion in 2020, and $1.26 billion in 2021. Footwear revenue showed a decline in 2020 but rebounded in 2021. Accessories revenue: $0.42 billion in 2019, $0.41 billion in 2020, and $0.46 billion in 2021. Accessories revenue remained relatively stable throughout the period. License revenues: $0.14 billion in 2019, $0.11 billion in 2020, and $0.11 billion in 2021. License revenues experienced a decline from 2019 to 2020 but remained stable in 2021. Corporate Other revenue: $0.16 billion in 2019, $0.14 billion in 2020, and $0.004 billion in 2021. Corporate Other revenue saw a significant decrease in 2021.

Under Armour Revenue By Geography

under-armour-revenue-by-geography
North America revenues: $3.66 billion in 2019, $2.94 billion in 2020, and $3.81 billion in 2021. EMEA revenues: $0.62 billion in 2019, $0.60 billion in 2020, and $0.84 billion in 2021. Asia-Pacific revenues: $0.64 billion in 2019, $0.63 billion in 2020, and $0.83 billion in 2021. Latin America revenues: $0.20 billion in 2019, $0.16 billion in 2020, and $0.20 billion in 2021. North America revenues: Decreased by 19.7% from 2019 to 2020, and increased by 29.4% from 2020 to 2021. EMEA revenues: Decreased by 3.2% from 2019 to 2020, and increased by 40.8% from 2020 to 2021. Asia-Pacific revenues: Decreased by 1.6% from 2019 to 2020, and increased by 32.3% from 2020 to 2021. Latin America revenues: Decreased by 20% from 2019 to 2020 and increased by 18.5% from 2020 to 2021.

Under Armour Profits By Geography

under-armour-profits-by-geography
North America operating income: Decreased by 35.3% from 2019 to 2020, and increased by 104.8% from 2020 to 2021. It contributed the most to the total operating income in each year. EMEA operating income: Increased by 12.8% from 2019 to 2020, and grew by 118.8% from 2020 to 2021. EMEA’s contribution to the total operating income increased over the years. Asia-Pacific operating income: Decreased by 100% from 2019 to 2020, and increased significantly from near-zero in 2020 to $132.91 million in 2021. The Asia-Pacific segment rebounded in 2021. Latin America operating income: Improved from -$3.16 million in 2019 to -$42.79 million in 2020, and turned positive with an increase of 152.3% to $22.39 million in 2021. Latin America’s contribution to the total operating income improved in 2021 after two years of negative operating income.

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About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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