Under Armour’s 1Q Earnings Surpass Expectations

Propelled by growth in its women’s business, activewear company Under Armour Inc. reported Wednesday that first-quarter earnings soared more than 200 percent to $8.7 million, or 18 cents a share, from $2.5 million, or 5 cents, in the year-ago period. The results far exceeded analysts’ expectations of 7 cents a share.

Revenues in the quarter ended March 31 gained 50.7 percent to $87.7 million from $58.2 million, and sales of women’s products climbed 112.1 percent to $21 million from $9.9 million. Licensing revenue grew 65.8 percent to $2.4 million.

For complete coverage, see tomorrow’s WWD.