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# Under Armour Continues Winning Streak With High Earnings Call

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## Video: Under Armour Continues Winning Streak With High Earnings Call

[Watch (HLS stream): Under Armour Continues Winning Streak With High Earnings Call](https://cdn.jwplayer.com/manifests/uCTaAEfu.m3u8) (1:58)

![Under Armour Continues Winning Streak With High Earnings Call](https://cdn.jwplayer.com/v2/media/uCTaAEfu/poster.jpg?width=720)

_Published 2015-02-05. Under Armour beat expectations when its earning call was released Wednesday, announcing higher-than-expected revenue for both the quarter and year._


---

Jul 27, 2023 5:52 PM UTC

---

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---


## Transcript

Under Armor's earnings report is out and it seems more people than ever are turning to the sports apparel company for their athletic needs. It beat expectations with higher than expected revenue and sales growth. Analysts' initial estimates pegged Under Armor's revenue to be just shy of $ 850 million for the quarter and just over $ 3 billion for the year. Under our merest both those earning $ 895 billion for the quarter and 3. 08 billion for the year. It's little surprise that the sports wear company managed to beat investors expectations. The company has been on a winning streak beating earnings estimates with over 20 % increases in revenue with 18 straight quarters.

The stock rising 900 % in value since the companies 2005 IPO. The motley fools Bradley Seth McNew attributes Under Armor's continual success mostly to the company's innovation, global outreach and management. Under Armor CEO Kevin Plank hasn't been shy about letting other sports wear giants, such as Nike and Adidas know they don't worry him. Under Armor when you ask who we look to, where do we go? I don't. I don't concern myself with my competition because number one, it's not a zero sum game. And number two, I believe that our opportunity is controlled by us at this point. And where Nike has its own fitness app, Nike Plus, Under Armour showed off its own app at this year's Consumer Electronics Show.

UA Record. The company has also made moves to buy out athletic sponsorships from its competitors. Last September Under Armour tried to grab NBA star Kevin Durant's endorsement by outbidding Nike. That move forced Nike to up its offer by $ 150 million. More recently Under Armour replaced Adidas as the sponsor for the University of Cincinnati. Topping arrivals 1. 5 million dollar gear and cash contract which some estimate could be worth as much as five million dollars. Still the active wear market is a 15 billion dollar space and last October, Fortune's John Kell said Under Armor had room to grow.

Specifically in women's wear and foot wear for both genders

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