Under Armour reports first $1bn quarter - sportstextiles: Lea SportsTextiles

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Under Armour reports first $1bn quarter

23/10/2015
US sportswear brand Under Armour has reported its 22nd quarter of greater than 20% growth in revenues, with totals for the third quarter up 28% to $1.2 billion.

Third-quarter apparel revenues increased 23% to $866 million, driven primarily by enhanced product offerings in baselayer and the expanded Storm innovation platform.

Footwear revenues increased 61% to $196 million, reflecting continued product expansion across the running, basketball and training categories.

Accessories revenues increased 22% to $104 million, driven primarily by introductions across the bags category.

International net revenues, which represented 11% of total net revenues for the third quarter, grew 52% year-over-year.

CEO Kevin Plank said: "Our scoreboard in the third quarter not only marked our 22nd straight quarter of at least 20% net revenue growth, but also our first $1 billion quarter. Our ongoing success in 2015 has been driven by innovative, head-to-toe product, combined with game-changing performances by our athletes.

“When combined with over 150 million unique registered users across our Connected Fitness community, logging more than 6.5 billion food items and 1.5 billion workouts year-to-date, our brand is resonating with more athletes than ever before and we are investing to not only build deeper relationships with these athletes today, but fulfil our longer term vision to change the way athletes live."

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