Stephen Curry sneakers help boost Under Armour profit
- 8 years ago
A line of Stephen Curry basketball sneakers and increased demand for its athletic wear helped Under Armour post better-than-expected financial results in the fourth quarter.
Shares of Under Armour Inc. soared 16 percent in morning trading Thursday.
Under Armour began selling Curry basketball sneakers last year.
The company expanded its deal with Curry, who plays for the Golden State Warriors, through 2024 late last year.
Under Armour said Thursday that its footwear revenue in the fourth quarter jumped 95 percent to $167 million.
Apparel revenue rose 22 percent to $865 million, helped by higher demand for training, running, golf and basketball gear.
Shares of Under Armour Inc. soared 16 percent in morning trading Thursday.
Under Armour began selling Curry basketball sneakers last year.
The company expanded its deal with Curry, who plays for the Golden State Warriors, through 2024 late last year.
Under Armour said Thursday that its footwear revenue in the fourth quarter jumped 95 percent to $167 million.
Apparel revenue rose 22 percent to $865 million, helped by higher demand for training, running, golf and basketball gear.