Armour announced financial report 2016

USA: Armour has announced its financial report for fourth quarter and full year ended December 31, 2016. The Revenues was up by 12% to US $ 1.3 billion. The Apparel revenues are increased by 7% to US $ 929 million. The International revenues of the company represented 16% of total revenues in the quarter, up 55%, primarily driven by significant growth in the UK, Germany, China and Australia. The operating income however declined by 6% to US $167 million. The net income of the brand also reduced by 1% to US $ 105 million.

The company’s full year financial outcome shows 22% surge in revenue to US $4.8 billion. International revenue grew up by 63%, representing 15% of total revenues, compared with 11% in the year 2015. The apparel revenues zoomed 15% to US $ 3.2 billion, operating income is soared 3% to US $ 420 million and net income grew 11% to US $ 259 million.