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3 Major Factors Fueled Under Armour’s 30% Revenue Growth

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Under Armour posted its first quarter results Thursday, with revenue up 30 percent, and the company’s CEO pointed to three key contributing factors: China, Stephen Curry and e-commerce.

Net revenues at the sportswear company increased 30 percent to $1.05 billion in the quarter ended Mar. 31, and Under Armour Chairman and CEO Kevin Plank said those levels show no signs of abating.

“This year, we expect every quarter to top $1 billion in revenues,” Plank said on an earnings call.

Read more at Sourcing Journal.

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