Net income increased by 28% in the third quarter of 2016 and reached 128 million US dollars compared with 100 million US dollars in the prior year's period.

During the third quarter, wholesale net revenues grew by 19% year-over-year totaling 1.01 billion US dollars compared to 850 million US dollars in similar period last year. Direct-to-Consumer net revenues grew by 29% year-over-year to 408 million US.

Footwear net revenues increased by 42% totaling 279 million US dollars, mainly driven by strong growth in running and basketball. In the same period, apparel and accessories net revenues increased by 18%.

Kevin Plank, Chairman and CEO of Under Armour, stated: "Under Armour is a growth company and our ambitions for the Brand have never been higher. This marks our 26th consecutive quarter of 20+% revenue growth demonstrating the strength of the Under Armour Brand. From the Olympic Games in Rio to the launch of Under Armour Sportswear at New York Fashion Week, the Under Armour Brand continues to extend its reach to new consumers while remaining authentic and rooted in sport.  In the third quarter, our key strategies and investments to diversify our portfolio on a global scale were evident across categories, channels, and geographies."