Confidence in footwear innovations at Under Armour - footwearbiz: Lead

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Confidence in footwear innovations at Under Armour

25/07/2013
US sportswear brand Under Armour has announced second-quarter revenues increased 23% to $455 million and has raised its expectations for the rest of the year.

Income from footwear increased 21% to $82, boosted by its Highlight football cleat and the UA Spine platform.

CEO Kevin Planks said: "We are demonstrating share gains in footwear on the field with baseball and football cleats, as well as building on our momentum in running footwear with foundational platforms like UA Spine. This continued execution against our athlete's demanding expectations helped drive net revenues growth in excess of 20% for the 13th consecutive quarter."

The company has raised revenue expectations for the full year from between $2.21 billion and $2.23 billion to between $2.23 billion and $2.25 billion.

"We are set up a for a strong second half of the year,” said Mr Plank, adding that its new footwear range Speedform, a running shoe built in a bra factory that features a non-traditional seamless heel cup, will “redefine fit in the category”.



Related stories:

Nike updates American football offering with lightest cleat yet 16/12/2015
Under Armour targets $7.5 billion by 2018 21/09/2015

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