BLOOMBERG: Under Armour rode strong shoe sales past analysts’ forecasts.
BLOOMBERG: Under Armour rode strong shoe sales past analysts’ forecasts.
Profit was 7 cents a share, the Baltimore-based company said in a statement on Thursday. Analysts predicted 5 cents, according to data compiled by Bloomberg. Sales rose to $783.6 million, compared with an average estimate of $761.8 million.
Under Armour, which got its start producing polyester workout shirts aimed at football players in the 1990s, has continually pushed into new athletic-gear markets. It also has enlisted top athletes as endorsers, including basketball star Stephen Curry and golfer Jordan Spieth. Curry led the Golden State Warriors to a National Basketball Association championship this year, further raising Under Armour’s profile.
