Under Armour Sees $7.5 Bln In Revenues By 2018

(RTTNews) - Under Armour, Inc. (UA) on Wednesday unveiled a 2018 net revenues target of $7.5 billion, representing a 25% compounded annual growth rate from $3.1 billion in net revenues in 2014.

In addition to providing an update on its revenue goals, the company provided a long-term operating income target of $800 million, representing a 23% compounded annual growth rate from $354 million in 2014 and inclusive of the company's Connected Fitness acquisitions in early 2015.

Kevin Plank, Chairman and Chief Executive Officer of Under Armour, said, "The investments we have made and will continue to make are a testament to the extended runway of growth we see ahead and provide us with the confidence in raising our long-term net revenues growth rate target from +22% to +25%."