US developer and distributor of branded performance apparel, footwear and accessories Under Armour, Inc. has reported a significant improvement in the first quarter, ended March 31. Net revenues increased 41.8% to reach $124.3 million from the $87.7 million reported in the same quarter of 2006, whilst net income increased 13.8% to $9.9 million from $8.7 million.

Footwear, which was not offered in the first quarter of the prior year, contributed $11.8 million in net revenues for the quarter.

The company's products are sold worldwide and worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports.