Under Armour is an American sporting goods manufacturer, based in Baltimore, Maryland. The company has experienced substantial growth over the past decade, with its global net revenues amounting to approximately 5.7 billion U.S. dollars in 2021. Under Armour had revenues of less than one billion U.S. dollars as recently as 2009. The majority of Under Armour’s sales come from apparel, with the remainder coming from footwear and sporting equipment, and accessories.
How does Under Armour compare to other companies within the sportswear and sporting goods industry?
The global sportswear industry is a lucrative sector, which is forecast to keep expanding in the coming years. Nike and adidas are two of the world's leading athletic apparel companies and their brand values are on another level. Despite Under Armour being one of the largest sportswear and sporting goods manufacturers in the world, the company is still far behind these two industry giants. Puma, on the other hand, is a much closer competitor to UA and is possibly a better benchmark of where Under Armour currently stands within this industry. In 2021, the German sportswear company generated approximately 6.8 billion euros' worth of net sales.
Net revenue of Under Armour worldwide from 2008 to 2021
(in billion U.S. dollars)
The source adds the following information: "Net revenues consist of net sales, license revenues, and revenues from digital subscriptions, sale of digital
assets and advertising."
Figures have been rounded to provide a better understanding of the statistic. Figures prior to 2019 have been taken from the previous reports.
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Under Armour. (March 24, 2022). Net revenue of Under Armour worldwide from 2008 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 08, 2022, from https://www.statista.com/statistics/259174/net-sales-of-under-armour-worldwide/
Under Armour. "Net revenue of Under Armour worldwide from 2008 to 2021 (in billion U.S. dollars)." Chart. March 24, 2022. Statista. Accessed August 08, 2022. https://www.statista.com/statistics/259174/net-sales-of-under-armour-worldwide/
Under Armour. (2022). Net revenue of Under Armour worldwide from 2008 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 08, 2022. https://www.statista.com/statistics/259174/net-sales-of-under-armour-worldwide/
Under Armour. "Net Revenue of Under Armour Worldwide from 2008 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 Mar 2022, https://www.statista.com/statistics/259174/net-sales-of-under-armour-worldwide/
Under Armour, Net revenue of Under Armour worldwide from 2008 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/259174/net-sales-of-under-armour-worldwide/ (last visited August 08, 2022)