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For Under Armour, patience with footwear and international growth starts to pay off

2015-04-22 15:17:05| Footwear - Topix.net

During a conference call Tuesday with Wall Street analysts, executives with the Baltimore sportswear maker spent a good chunk of time lauding progress made in sneaker sales and overseas. The two segments are key to Under Armour's growth as it continues its quest to steal market share from rival Nike Inc. Under Armour on Tuesday reported that revenue from its footwear business, which got off to a rocky start in 2008 , grew by 41 percent in the first quarter to $161 million.

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