Footwear sales drive revenue growth at Under Armour
Under Armour reported a 27% revenue increase during the
second quarter, with sales totalling $369 million compared with $291 million
during the prior-year period.
Net income rose 6.8% to $7 million compared with $6
million during the second quarter of 2011.
Second-quarter footwear revenues grew 44% to $67 million
from $47 million during the prior-year period, primarily driven by new running
styles.
Kevin Plank, chairman, CEO and president of Under Armour,
said: "Our heightened attention to innovation across all of our product lines
continues to resonate with consumers.
"Our broad-based success during the quarter reflects our ability
to build upon platform technologies such as Charged Cotton, while introducing
new ideas such as ColdBlack.
"In women’s, we are redefining how the female athlete
looks at our brand with the strong introductions of our Studio line and Armour
Bra.
"We are also excited about gaining momentum in the footwear space with game-changing products such as our $130 Highlight football cleat and the just-launched UA Spine running shoe."
