Under Armour Inc.'s earnings climbed 25 percent in the third quarter, driven by strong sales growth across all categories, including a 49 percent increase in women's.For the three months ended Sept. 30, the athletic apparel and footwear company reported net income of $20 million, or 40 cents per diluted share, compared with $16 million, or 32 cents, in the same period last year. Revenues for the quarter grew 46 percent to $186.9 million from $127.7 million.Apparel showed 45 percent growth, and the smaller accessories business more than doubled. Women's, men's and children's sales all increased more than 40 percent."Our third-quarter results reflect strength in both our core apparel business and continued growth in new product categories," Kevin Plank, chairman and chief executive officer, said in a statement.For the first nine months of the year, earnings grew 31 percent to $35.7 million, or 71 cents per diluted share, from $27.1 million, or 55 cents, in the same period of 2006. Revenues climbed 46 percent to $431.7 million from $295.4 million.The Baltimore-based firm raised its 2007 earnings projections to a range of $81.5 million to $83 million from previous estimates of $79 million to $81 million. Under Armour also revised its revenue outlook to a range of $590 million to $600 million, compared with previous estimates of $580 million to $590 million.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"