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Under Armour Shows Some Muscle

Shares of Under Armour shot up more than 20% to $106.39, a personal best, after reporting stronger than expected earnings. The stock valuation increased CEO Kevin Plank's net worth by more than $1 billion during 2013, alone.

"The next great athletic innovation isn't available yet, but it's being built at Under Armour right now" 
Now at $2 billion in annual sales, Under Armour has shown 15 undefeated quarters of 20% revenue growth, or greater. “While we are proud of what we have accomplished to date,” said Plank, “we firmly believe we are just getting started and that our performance in 2013 is indicative of the opportunity that lies ahead for Under Armour.”

Under Armour’s mission is "to make athletes better." To this end, the company will shortly launch the "SpeedForm Apollo running shoe." Plank said the shoe, which will be available Feb. 28 and retail for $100, “may be our defining product as a company.”

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