CEO Patrik Frisk has a lot of reasons to be happy after Under Armour Inc. reported yet another strong quarter of financial results on Tuesday. The Baltimore-based sportswear maker’s profit grew 22.6% in the third quarter and sales increased 8% to $1.55 billion. Both figures came in well above Wall Street estimates. And even better, the company updated its full-year outlook to be even brighter than previously predicted.
After blowout quarter, CEO says Under Armour remains ‘confident and cautious’
November 4, 2021