An article of footwear may include an upper and a sole structure secured to the upper. The sole structure includes a midsole, an outsole secured to the midsole, and one or more plates positioned within the midsole. Each of the plates has a downwardly-facing concave side and an upwardly-facing concave side. The downwardly-concave side may be positioned on a medial side (or a lateral side) of the footwear, and the upwardly-concave side may be positioned on the lateral side (or the medial side) of the footwear. The undulating medio-lateral configuration of each plate may increase the overall support provided to a wearer's foot during a side-to-side or “banking” movement.