Sales rise at Under Armour
06/02/2007
Branded US
Apparel revenues accounted for $35.6 million of the year-on-year increase whilst footwear revenues reached $9.3 million largely driven by a new range of baseball and softball cleats.
Net income improved 69.4% to $11.9 million, compared with $7 million for the same period in 2005. Apparel revenues increased 43.2% over the prior year and the Compression and Training categories continued to drive revenue growth.
Net revenues for the full year increased 53.2% to $430.7 million from $281.1 million in 2005. Net income increased 97.7% to $39 million compared with $19.7 million in the prior year. Apparel revenues grew 42.5% and the footwear launch contributed $26.9 million to net revenues for the full year.
Apparel revenues accounted for $35.6 million of the year-on-year increase whilst footwear revenues reached $9.3 million largely driven by a new range of baseball and softball cleats.
Net income improved 69.4% to $11.9 million, compared with $7 million for the same period in 2005. Apparel revenues increased 43.2% over the prior year and the Compression and Training categories continued to drive revenue growth.
Net revenues for the full year increased 53.2% to $430.7 million from $281.1 million in 2005. Net income increased 97.7% to $39 million compared with $19.7 million in the prior year. Apparel revenues grew 42.5% and the footwear launch contributed $26.9 million to net revenues for the full year.
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