For the fourth one fourth, Under Armour revenue has been down 3 percent to at least one. 4 billion dollars. The organization said, wholesale revenue reduced 12 percent to 662 million dollars and direct-to-consumer revenue increased 11 % to 655 million bucks, driven by 25 percent development in ecommerce. Net income for that quarter was 184 mil dollars, while adjusted net gain was 55 million bucks and diluted earnings for each share were 40 pennies, while adjusted diluted cash flow per share were twelve cents.
“Improving brand power and consistent operational delivery delivered better than expected leads to the fourth quarter, ” mentioned Under Armour President plus CEO Patrik Frisk within a statement.
The company added that The united states revenue decreased 6 % to 924 million bucks and international revenue improved 7 percent or four percent currency neutral in order to 448 million dollars. Inside the international business, revenue reduced 11 percent in EMEA, down 14 percent foreign currency neutral), increased 26 % in Asia-Pacific, up twenty one percent currency neutral), plus increased 2 percent within Latin America, up 7 percent currency neutral).
4th quarter apparel revenue reduced 4 percent to 931 million dollars, footwear income declined 7 percent in order to 241 million dollars plus accessories revenue increased thirty-two percent to 145 mil dollars.
Gross margin improved 210 basis points in order to 49. 4 percent when compared to prior year, while altered gross margin increased three hundred basis points to fifty. 3 percent. Operating revenue was 56 million bucks and adjusted operating revenue was 120 million bucks.
The organization further said that full 12 months revenue was down fifteen percent to 4. five billion dollars. Wholesale income decreased 25 percent to second . 4 billion dollars plus direct-to-consumer revenue increased two percent to 1. 8 billion dollars, driven by forty percent growth in e-commerce, which represented 47 % of total direct-to-consumer income.
North America revenue decreased nineteen percent to 2 . nine billion dollars and worldwide revenue decreased 4 % to 1. 4 billion bucks. Within the international business, income decreased 4 percent within EMEA, down 5 percent foreign currency neutral, decreased 1 percent within Asia-Pacific or down two percent currency neutral, plus decreased 16 percent within Latin America or straight down 10 percent currency neutral. Outfits revenue decreased 17 % to 2 . 9 billion dollars, footwear revenue dropped 14 percent to 934 million dollars and components revenue was relatively level at 414 million bucks.
Gross margin increased a hundred and forty basis points to forty eight. 3 percent, while modified gross margin increased 170 basis points to forty eight. 6 percent. Operating reduction was 613 million bucks and adjusted operating earnings was 537 thousand bucks. Net loss for the calendar year was 549 million bucks and adjusted net reduction was 120 million bucks, while diluted loss for each share was 1 . twenty one dollars and adjusted diluted loss per share has been 26 cents.
For complete year 2021, Under Shield expects revenue to be upward at a high-single-digit percentage price, reflecting a high single-digit development rate in North America and also a high-teens growth rate within the international business, gross perimeter to be up slightly compared to prior year adjusted major margin rate of forty eight. 6, operating income would be to reach 5 million in order to 25 million dollars plus adjusted operating income to achieve 130 million dollars in order to 150 million dollars plus diluted loss per talk about to be about 18 pennies to 20 cents plus adjusted diluted earnings for each share in the range of twelve cents to 14 pennies.