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Article Date: February 2021
Word Count: 957

Under Armour Profits in Q4, Sees Return to Sales Growth in 2021


Proceeds of $182 million from the MyFitnessPal sale more than offset $52 million of restructuring charges and impairments to drive a Q4 profit of $184,454,000 against a loss of $15,304,000 last year, on a 3% lower top line of $1,403,766,000 down from $1,441,225,000. Excluding the one-time puts and takes, adjusted operating income was $120 million. Under Dog expects to be in the black in 2021, at least on an adjusted basis, projecting adjusted operating income of $5 to $25 million. This year, revenue is seen improving high-single digits including high-single-digit growth in North America and high-teens growth in international. UA ... Log in to view full article.

 


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