Under Armour gains from strong demand for sportswear and shoes

Sports apparel retailer Under Armour Inc’s quarterly revenue rose by more than a third as warmer weather in May and June drove demand for sports apparel and shoes.

The company’s net profit rose marginally to $17.7 million, or 8 cents per share, in the second quarter ended June 30, from $17.6 million, or 8 cents per share, a year earlier.

Revenue rose 34 percent to $609.7 million.
 

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