Us Footwear Sales Expected Growth In Recent Years
October 22nd, American specialty
Sportswear
Brand Under Armour announced its third quarter earnings.
footwear
The expansion of sales business has made profits exceed analysts' expectations.
Subsequently, the company's annual net sales revenue is expected to increase from 38.4 billion to $3 billion 910 million.
Sales revenue increased by 28% to $1 billion 200 million (the first time the quarterly sales exceeded $1 billion), higher than analysts' average forecast of $1 billion 180 million.
Net profit increased 13% to 100 million 500 thousand US dollars, diluted 45 cents per share (89 million 100 thousand US dollars last year, diluted 41 cents per share).
After launching more basketball and professional running shoes,
Gym shoes
Sales increased by 61% to $196 million 300 thousand.
According to Bloomberg news, Under Armour started selling sweat sports T-shirts, and constantly introduced new products in the sports equipment market, and now began to dig deep into sports shoes and women's clothing market.
At its investor conference last month, the company announced plans to increase sales to $7 billion 500 million by 2018 through expanding global emerging markets.
CEO Kevin Plank indicates that the growth of 2015 sales is due to the spirit of innovation, full coverage of products and the courage to break the rules of the market game.
At present, global marketing activities highlight training and dedication to help contract players to play the best level they include: American rugby player Tom Brady, ballet dancer Misty Copeland, NBA star Stephen Curry and American professional golf tournament player Jordan Spieth.
On Thursday, Under Armour closed at $93.81 a share.
As of Wednesday, share prices rose 46% throughout the year.
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