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Article Date: July 2020
Word Count: 733

Under Armour Warns of Uncertain H2

Net loss expanded more than ten-fold to $182,895,000 in the second quarter from a loss of $17,349,000 last year, as widespread store closures from the Covid-19 pandemic sent revenues down 41% to $707,640,000 from $1,191,729,000. By now, most owned and partner doors have reopened, but about 80% of points-of-sale worldwide were closed through the first half of Q2. Overall, wholesale revenues tumbled 58% to $299 million, but direct-to-consumer revenue fell just 13% to $368 million helped by an unspecified improvement in e-commerce.


Under Dog’s strategy from before Covid-19 to bring the company back to profitable growth seeks to rebuild the brand’s ... Log in to view full article.


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