WHEN: Today, Wednesday, October 26th
WHERE: CNBC's "Fast Money Halftime Report"
Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with Under Armour Chairman and CEO Kevin Plank on CNBC's "Fast Money Halftime Report" (M-F, 12PM-1PM ET) today, Wednesday, October 26th. Following are links to the video on CNBC.com:http://video.cnbc.com/gallery/?video=3000562696, http://video.cnbc.com/gallery/?video=3000562694 and http://video.cnbc.com/gallery/?video=3000562695.
All references must be sourced to CNBC.
PLANK ON FIGHTING BACK
I THINK WERE HERE FOR A REASON. LIKE, I CAME --OUR COMPANY IS ONE THING, WE'VE BUILT A PRETTY GOOD CULTURE OF WHEN PEOPLE PUSH US, WHEN WE GET PUSHED DOWN, WE'RE THE KIND OF COMPANY THAT FIGHTS BACK. YOU ARE BETTING ON A COMPANY IF YOU WANT TO THINK ABOUT WHERE WEVE BEEN, LOOK AT THE TRACK RECORD OF GROWTH THAT WEVE ESTABLISHED AS A COMPANY. THE YEAR WE IPO'D IN 2005, WE WERE AN $285 MILLION BUSINESS. THIS YEAR WELL BE CLOSE TO $5 BILLION.
PLANK ON RUNWAY
UNDER ARMOR HAS SUCH AN AMAZING RUNWAY IN FRONT OF US AND THE TRACK RECORD WEVE DONE TO ESTABLISH THAT. GO BACK TO 2012, WHERE WE WERE $100 MILLION INTERNATIONAL BUSINESS. TODAY WERE $700 MILLION JUST FOUR YEARS LATER. WOMENS WAS FOOTWEAR WAS $200 MILLION THIS YEAR IT IS APPROACHING A BILLION DOLLARS. WOMENS THE SAME THING. JUST A FEW HUNDRED MILLION DOLLARS THIS YEAR WE ARE OVER A BILLION DOLLARS. WEVE ESTABLISHED THIS PLATFORM OF NOT BEING A NICE ANOTHER PLAYER, BUT WE HAVE EYES ON NUMBER ONE.
PLANK ON AMERICA
I LOVE MY FAMILY. I LOVE UNDER ARMOR. I LOVE AMERICA. I WANT AMERICA TO WIN. LIKE, WE JUST -- WE'RE THE GREATEST I SPENT 250,000 MILES ON THE ROAD THIS YEAR. I'LL PROBABLY DO MORE THAN THAT THIS YEAR. THE ONE THING I SEE IS AMERICA IS A SPECIAL PLACE. I HATE TO SEE AMERICA IN THIS LINE OF US BEING TORN DOWN. I THINK WE ARE GREAT NOW. I DO THINK THERE'S OPPORTUNITY FOR US TO IMPROVE. I DEFINITELY WANT PEOPLE IN AMERICA TO BELIEVE.
PLANK ON GROWTH STORY
WE HAVE A GREAT GROWTH STORY. I CANT SPEAK TO WHAT THE COMPETITION IS DOING, BUT I CAN TELL YOU THAT IT'S NOT EASY OUT THERE. I TELL YOU IN OUR BUSINESS ALONE WHEN YOU HAVE SEEN THE CONSOLIDATION, WHERE THE PREVIOUS FIVE YEARS BEFORE 2016 WE HAD A TOTAL OF $170 MILLION OF SALES REVENUE DISAPPEAR FROM THE SPORTING GOODS CHANNEL. IN THE LAST 12 MONTHS ALONE WE'VE HAD OVER $4 BILLION REVENUE DISAPPEAR. SO IT'S GOING TO TAKE THE CREATIVE COMPANY AND FIND WAYS IN ORDER TO CONTINUE TO GROW AND TO PUT THAT KIND OF POSITIVE METRIC ON.
About CNBC:
With CNBC in the U.S., CNBCin Asia Pacific, CNBC in Europe, Middle East and Africa, and CNBC World, CNBCis the recognized world leader in business news and provides real-timefinancial market coverage and business information to approximately 381 millionhomes worldwide, including more than 94 million households in the United Statesand Canada. CNBC also provides daily business updates to 400 million householdsacross China. The network's 15 live hours a day of business programming inNorth America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC'sglobal headquarters in Englewood Cliffs, N.J., and includes reports from CNBCNews bureaus worldwide. CNBC at night features a mix of new realityprogramming, CNBC's highly successful series produced exclusively for CNBC anda number of distinctive in-house documentaries.
CNBC also has a vastportfolio of digital products which deliver real-time financial market news andinformation across a variety of platforms including: CNBC.com; CNBC PRO, thepremium, integrated desktop/mobile service that provides live access to CNBCprogramming, exclusive video content and global market data and analysis; asuite of CNBC mobile products including the CNBC Apps for iOS, Android andWindows devices; and additional products such as the CNBC App for the AppleWatch and Apple TV.
Members of the media canreceive more information about CNBC and its programming on the NBCUniversalMedia Village Web site at http://www.nbcumv.com/programming/cnbc.
For more information aboutNBCUniversal, please visit http://www.NBCUniversal.com.