Under Armour Inc. Profits Slip but the Big Picture Is Still About Growth

Even with recent setbacks, Under Armour is keeping up its pace of big growth. Image source: Under Armour.

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On July 26, Under Armour Inc.(NYSE: UA) (NYSE: UA-C) reported second-quarter financial results, announcing a 25th consecutive quarter of more than 20% revenue growth. Unfortunately, the company also reported a profits decline in the quarter, due to an impairment related to the liquidation of Sports Authority and the GAAP impact of the Class C stock dividend paid in June.

But it was far from just bad news for the high-performance athletic apparel and footwear company, which continues to invest in big growth throughout its various product categories, and all over the world. Here's a closer look at Under Armour's earnings report -- both the bad and the good.

The numbers

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