What Under Armour's New "Project Glory" Means For Its Valuation

Under Armour, a developer and distributor of athletic apparel, footwear, and accessories, has enjoyed an excellent spell over the last few years. The company has posted an increase of over 20% in top-line growth for 22 consecutive fiscal quarters. This growth has been mostly been driven by the continued expansion of performance apparel sales. Hoever, in recent quarters, growing footwear sales have also started contributing. Meanwhile the company has been focusing on expanding both its internatio...