Under Armour Expects Revenue Of $7 Billion 500 Million In 2018.

The second largest sportsmen group, Under Armour Inc. (NYSE:UA), founder and chief executive officer of the Andrew group, Kevin Plank

In the daily activities, the target of doubling revenue and overseas sales in fiscal 2018 is proposed.

Under Armour Inc. (NYSE:UA) rose 4.74% on Wednesday, at $103.36, rising to $103.56 in the session and a record high.

Kevin Plank expects that revenues and operating profits in the 2018 fiscal year will reach US $7 billion 500 million and US $800 million respectively, while the two figures for the 2014 fiscal year are US $3 billion 80 million and US $354 million, which means that the next 4 years will achieve an annual compound growth rate of 25% and 23% respectively.

According to Reuters's comprehensive analysts, the market expects Under Armour Inc. Andrea 2018 revenue to be $7 billion 480 million.

A large part of the increase in revenue comes from overseas business expansion. Under Armour Inc. has increased more than 800 stores outside North America by 2018, increasing the share of overseas revenues from 9% in the previous fiscal year to 18%.

The group that entered the Chinese market in 2010 has set up 75 stores in China, and Kevin Plank 9, when it came to China at the beginning of the month, said the total number of Chinese stores will exceed 100 by the end of the year after the intensive expansion of 1 new stores in 1 days in October.

Next key expansion

It is also a target for Southeast Asian emerging markets such as Japan, Indonesia, Kampuchea and Vietnam. We hope to eventually build Under Armour into a global brand.

In addition,

The group will continue to promote its development from footwear, global direct consumer channel and Connected Fitness Internet fitness business.

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In the last two quarters, Under Armour Inc., Andrew Andrew continued to be strong. Not only did its revenue exceed market expectations, but also once again raised its annual revenue and profit targets after the first quarter.

The two quarter revenue grew by 28.5% to 783 million 600 thousand US dollars per year, better than the US $761 million 500 thousand forecast for the market and 20%+ growth for the 21 consecutive quarter.

Despite the strong impact of the US dollar, overseas income rose by 93.4% to 89 million 239 thousand dollars, or 11%, compared with the same period last year. Connected Fitness's Internet fitness business revenue increased by 147.8%, up from 13 million 562 thousand US dollars in the same period last year to 13 million 562 thousand US dollars.

However, net profit has increased SG&A spending by 31% over the Connected Fitness interconnect fitness business, down 16.5% to 147 million 666 thousand US dollars per year, or 0.07 US dollars per share, though less than 0.08 US dollars in the same period last year, but slightly exceeded the 0.05 US dollars expected by the market.

The group raised its annual revenue forecast from the previous 3 billion 780 million US dollars to US $3 billion 840 million, slightly exceeding the market expectation of US $3 billion 820 million, and the operating profit forecast was also raised from the previous 4.00-4.08 billion US dollars to 4.05-4.08 billion US dollars.

In view of higher revenue growth than internal expectations, Kevin Plank said the target of annual revenue of $4 billion would be achieved one year ahead of schedule.

Under the promotion of NBA celebrities Stephen Curry, golf star Jordan Spieth, Ballet Star Misty Copeland, and other top athletes in various fields and promoting the development of multiple categories of new products, Under Armour Inc. (NYSE:UA) has risen 52% in 2015, far outperforming the 19.3% largest increase in the largest competitor, Nike (Group), while the S & P 500 index has fallen 3%.

Under Armour Inc. also announced yesterday that it will renew its contract with Stephen Currie, the star of the 2015 NBA champion, Jinzhou Curry, to 2024.