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Article Date: August 2021
Word Count: 755

Under Armour Profits in Q2, Raises Full-year Guidance


Net income came in at $59,207,000 for the second quarter, rebounding from last year’s $182,895,000 loss, as Under Dog’s revenues jumped 91% to $1,351,534,000 from $707,640,000, and were up 13% from Q2, 2019. Profitability was helped by restructuring and impairment charges that were just $2.6 million, against $38.9 million last year, and last year’s quarter also had $34.4 million in revenues from the since-divested connected fitness business.

 

Wholesale recovery powered the top line improvement, growing 157% to $768 million, while direct-to-consumer sales increased 52% to $561 million as big gains in Factory House stores more than offset an 18% decline in ... Log in to view full article.

 


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