Under Armour Inc. (UA) is making a lot of profit.
February 4, 2013- Athletic apparel manufacturer, Under Armour Inc. (UA) reported a higher-than-expected quarterly profit for the ninth straight time late last week.
The company, which is best known for its Cold Blank and Armour Bra clothing items apparently enjoyed strong revenues during the holiday shopping season as consumers scooped up its well-known water-resistant shirts, sweaters and jackets and its new footwear, as well.
The company’s stock rose by about eight percent in trading on Thursday, capping off a very successful first month in 2013.
In line with its recent strong showing, the company also forecast full year revenue for 2012, the year just ended, of $2.20 billion to $2.22 billion. The larger number is roughly equivalent to what many industry analysts have predicted for this powerhouse clothing maker.
Under Armour issued a public statement claiming that its revenue for clothing rose by an imposing twenty five percent to four hundred five million dollars in the fourth quarter. Revenues for footwear sales also rose, by forty three percent, to forty five million dollars.
The company’s fourth quarter profits reached $50.1 million or forty seven cents per share. Under Armour built its reputation on clothing that draws perspiration away from the body.
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