- Under Armour (NYSE:UA) reports direct-to-consumer revenue rose 21% Y/Y in Q1 to now rep 25% of total sales for the company.
- International revenue +74.0% to $96.59M.
- Apparel sales +20.9% to $555.46M.
- Footwear revenue +41.1% to $160.97M, powered by new basketball and running model introductions.
- Accessories sales +22.5% to $63.15M.
- Gross profit rate remained constant at 46.9%.
- Operating margin rate +80 bps to 3.4%.
- Inventory +22.38% to $577.95M.
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FY2015 Guidance: Net revenues: ~3.78B (+23%); Operating income: $400M to $408M (+13% to +15%);
- UA -4.68% premarket.