BALTIMORE – Under Armour reported Wednesday that sales and profits soared in the third quarter.
“I believe we operate in a resilient industry,” Under Armour’s founder and CEO Kevin Plank said.
The quarter marked the company’s 26th consecutive period of sales growth of more than 20 percent.
Under Armour’s third-quarter income jumped 28 percent to $128 million from $100 million. Per share earnings were 29 cents, up from 23 cents.
The results beat analysts’ expectations of 25 cents per share earnings and $1.46 billion in revenue. Backing out currency fluctuations, sales grew 23 percent.
