Blowout quarter for Under Armour, shares +11.5%

Under Armour (UA) says expanded fleece offerings and new ColdGear Infrared products helped drive solid revenue gains during Q4.

The company survived the tough retail season by increasing direct-to-consumer revenues by 36% Y/Y. The segment now accounts for 39% of total revenue.

Gross margin rose 100 bps to 51.3% during the quarter on a favorable sales mix.

The company expects 2014 revenue of $2.84-$2.87B vs. $2.77B consensus.

UA +11.5% premarket

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