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Stephen Curry sneakers help boost Under Armour profit

2016-01-29 20 Dailymotion

A line of Stephen Curry basketball sneakers and increased demand for its athletic wear helped Under Armour post better-than-expected financial results in the fourth quarter.<br />Shares of Under Armour Inc. soared 16 percent in morning trading Thursday.<br />Under Armour began selling Curry basketball sneakers last year.<br />The company expanded its deal with Curry, who plays for the Golden State Warriors, through 2024 late last year.<br />Under Armour said Thursday that its footwear revenue in the fourth quarter jumped 95 percent to $167 million.<br />Apparel revenue rose 22 percent to $865 million, helped by higher demand for training, running, golf and basketball gear.

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