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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.
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