Under Armour's footwear revenue growth bested Nike Inc (NYSE: NKE), which saw a 4% rise in footwear for its last reported quarter. Under Armour reported adjusted net income of $118 million and earnings per share of 29 cents. Footwear sales were up 19% year-over-year. Direct-to-consumer revenue was up 17% year-over-year to $540 million.Īpparel sales were down 6% year-over-year.
The company saw wholesale revenue decline 7% year-over-year to $830 million. Under Armour's Q3: Under Armour Inc (NYSE: UAA) reported revenue of $1.4 billion for the third quarter, which was flat year-over year. Shares of Under Armour were making gains Friday after the apparel brand reported third-quarter sales and earnings beats, announced the sale of MyFitnessPal and provided better-than-expected guidance.
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