The Best Part of Under Armour’s Earnings
Sports apparel company Under Armour (NYSE: UAA) (NYSE: UA) has had a tough go of it lately. The stock has dropped 60% in the last 12 months on slowing revenue growth in the U.S. and in its footwear and women's businesses. While many investors are running for the hills, there was a bright spot in the recent earnings report: the international business.
Under Armour's international regions knocked out another quarter of solid revenue growth. Overall, international grew 35% to $305 million, representing 22% of total revenue. CEO Kevin Plank noted that the international result was in stark contrast to what is happening domestically for the company. "Our international business, by every cut, continues to exceed our expectations, strategically and financially," he said during the conference call with analysts.
Source: Fool.com