Record Q3 results at Under Armour
01/11/2006
US-based branded apparel, footwear and accessories company Under Armour, Inc. has posted record financial results for its third quarter ended September 30.
Net revenues increased 47.5% to $127.7 million compared with $86.6 million in the third quarter of 2005. Apparel revenues for men’s, women’s, and youth increased by 41.8% to $116.7 million.
Third quarter net income increased 90.4% to $16 million compared with $8.4 million in the same period of 2005.
Apparel revenues grew 41.8%.
The company is increasing its outlook for 2006. It now expects annual net revenues in the range of $410 million to $420 million, a 46% to 49% increase over 2005, and annual net income in the range of $38.5 million to $39.5 million.
Share this story:
