Under Armour Reports Growth In All Sectors, Earnings Up 25%
Under Armour today reported growth in "all sectors" amid earnings of $57M in Q3, 25% more than the $46M it profited in the July-to-September period last year. Revenue was $575M, up 24% from $466M in Q3 '11. Apparel sales were up 22% to $445M, footwear up 21% to $63M and accessories up 37% to $54M. The company also "revised its financial outlook for the full year, saying it expected to generate income" of about $207M on sales of $1.82B in '12 (BALTIMORESUN.com, 10/25).
At presstime, sales of Under Armour were trading at $53.13, down 6.2% on the day (THE DAILY).