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Accessories help Under Armour to strong 4Q

Baltimore-based Under Armour Inc. experienced another quarter of growth in the final months of 2013.

The company brought in $683 million in net revenue in the quarter ending Dec. 31, 2013, an increase of 35 percent from the fourth quarter of 2012. Net income increased by 28 percent year over year to $64 million.

Diluted earnings per share were 59 cents for the quarter and $1.50 for the year.

Net revenue from apparel increased 35 percent year over year, and footwear by 24 percent. But the leader in growth was accessories, which brought in $65 million during the fourth quarter, a 52 percent increase from one year before, driven by sales in headwear and gloves.

Chairman and CEO Kevin Plank called 2013 “a banner year for the UA brand,” which passed $2 billion in annual net revenue for the first time. Net revenue for the year was $2.33 billion, surpassing the company’s outlook of $2.26 billion.

The company also completed its first acquisition during the fourth quarter, buying MapMyFitness for $150 million. That acquisition allowed for Under Armour to expedite its expansion into digital fitness tracking.

This story will be updated.