NYSE$UA
Under Armour · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Under Armour reported record full-year revenue and earnings, driven by brand strength and consumer demand.
Under Armour's Q4 2021 results showed a 9% revenue increase to $1.5 billion, with wholesale and direct-to-consumer revenues rising. The company achieved an operating income of $86 million and a net income of $110 million. For the full year, revenue was up 27% to $5.7 billion.
- Revenue increased by 9 percent to $1.5 billion, reflecting an 8 percent currency-neutral growth.
- Wholesale revenue increased by 16 percent to $768 million, while direct-to-consumer revenue increased by 10 percent to $720 million.
- North America revenue increased by 15 percent to $1.1 billion, and international revenue increased by 3 percent to $461 million.
- Diluted earnings per share was $0.23, with an adjusted diluted earnings per share of $0.14.
Headline financials
Revenue & EPS history
Under Armour · Revenue · Quarterly
$1.53B
Revenue by segment
Under Armour · $1.49B total across 3 segments · Q4 2021
- Apparel$1.1B+18.1%73.8%
- Footwear$283M+17.5%19.0%
- Accessories$107M-26.3%7.2%
Forward guidance
Under Armour’s outlook for the transition quarter ending March 31, 2022, when compared to the same calendar period of fiscal 2021, includes the following:
Tailwinds
- Revenue is expected to increase at a mid-single-digit rate compared to the previous expectation of a low single-digit rate increase.
Headwinds
- Gross margin is expected to be down 200 basis points compared to the prior year period's adjusted gross margin.
- This expectation includes approximately 240 basis points of negative impact due to higher freight expenses resulting from ongoing COVID-19 supply chain challenges in addition to unfavorable sales mix, partially offset by pricing benefits.
- Operating income is expected to reach approximately $30 million to $35 million.
- Diluted earnings per share are expected to be $0.02 to $0.03.
- This expectation includes approximately 10 percentage points of headwinds related to reductions in our spring-summer 2022 order book from supply constraints associated with ongoing COVID-19 pandemic impacts.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2021
-0.5%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-2.0%
Avg return
30 days after
54%
22 / 41 earnings
Positive
+24.6%
Q4 2015
Best reaction
-27.8%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -16.8% | -15.0% | -1.2% | |
| Q3 2026 | +19.3% | +9.8% | +4.2% | |
| Q2 2026 | -1.1% | +0.7% | -1.6% | |
| Q4 2025 | +1.7% | +7.8% | +9.2% | |
| Q3 2025 | -4.6% | -10.3% | -12.7% | |
| Q2 2025 | +8.7% | +6.8% | +12.3% | |
| Q1 2025 | +22.3% | +24.7% | +19.6% | |
| Q4 2024 | -0.5% | -0.6% | -2.0% | |
| Q3 2024 | +4.8% | +3.2% | +7.5% | |
| Q2 2024 | +1.0% | -1.8% | +19.0% | |
| Q1 2024 | +1.3% | +1.3% | -6.4% | |
| Q4 2023 | -10.1% | -10.6% | -11.6% | |
| Q3 2023 | -10.9% | -12.4% | -27.2% | |
| Q2 2023 | +16.0% | +12.5% | +42.1% | |
| Q1 2023 | +1.2% | +5.6% | -10.2% | |
| Q1 2022 | -27.8% | -30.9% | -24.2% | |
| Q4 2021 | -12.8% | -12.7% | -19.2% | |
| Q3 2021 | +18.2% | +12.1% | +4.9% | |
| Q2 2021 | +13.3% | +16.9% | +11.6% | |
| Q1 2021 | +6.3% | +1.8% | -4.1% | |
| Q4 2020 | +9.5% | +7.4% | +10.9% | |
| Q3 2020 | +6.1% | +6.1% | +22.2% | |
| Q2 2020 | -13.7% | -7.3% | -10.2% | |
| Q1 2020 | -14.1% | -22.7% | +5.4% | |
| Q4 2019 | -14.9% | -14.9% | -51.8% | |
| Q3 2019 | -13.7% | -16.0% | -10.0% | |
| Q2 2019 | -16.6% | -21.3% | -30.5% | |
| Q1 2019 | +2.8% | -0.9% | +2.8% | |
| Q4 2018 | +3.8% | -0.6% | +3.9% | |
| Q3 2018 | +18.0% | +27.4% | +29.4% | |
| Q2 2018 | -2.3% | -5.1% | -0.2% | |
| Q1 2018 | +6.6% | +2.5% | +23.3% | |
| Q4 2017 | +22.5% | +19.7% | +4.9% | |
| Q3 2017 | -23.4% | -28.2% | -19.1% | |
| Q2 2017 | -9.1% | -8.3% | -16.6% | |
| Q1 2017 | +7.0% | +3.3% | -0.4% | |
| Q4 2016 | -25.1% | -27.5% | -24.4% | |
| Q3 2016 | -16.1% | -21.2% | -27.3% | |
| Q2 2016 | -8.9% | -7.9% | -1.3% | |
| Q1 2016 | +6.9% | — | — | |
| Q4 2015 | +24.6% | — | — | |
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