New cleats boost footwear revenues at Under Armour - footwearbiz: Lead

News

New cleats boost footwear revenues at Under Armour

05/02/2007
Branded US performance apparel and footwear company Under Armour Inc. has posted a 55% increase in revenue for its fourth quarter ended December 31. Revenues totalled $135.3 million compared with $87.3 million in the fourth quarter of 2005. The company reported $9.3 million in footwear revenues largely driven by the launch of its baseball and softball cleats.

Fourth quarter net income increased 69.4% to $11.9 million compared with $7 million for the same period in 2005.

Net revenues for the year increased 53.2% to $430.7 million from $281.1 million in 2005. Net income increased by 97.7% to $39 million compared with $19.7 million in the prior year. The footwear launch contributed $26.9 million to net revenues for the full year.




footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.