Blowout quarter for Under Armour, shares +11.5%

|About: Under Armour, Inc. (UAA)|By:, SA News Editor

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