Retail in Asia

In Sectors

Under Armour CEO expects revenue to double by 2018

Under Armour is expected to become a USD7.5 billion company by 2018, a number that is on track to double this year’s revenue, according to CEO Kevin Plank.

That growth from USD3.1 billion in the most fiscal recent year, according to FactSet, will come, in part, from its international business, he said. Despite the economic slowdown in China, Plank told CNBC’s "Power Lunch" he believes there is still an opportunity to expand to overseas markets, including Asia.

"We’re building off our 2013 investor day goals. So we’re actually a year early on reaching that 12 percent milestone with the company," he said in an interview from the athletic apparel company’s investor day in Baltimore on Wednesday.

(Source: CNBC)