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Article Date: November 2023
Word Count: 603

Under Armour Sees Profits Jump in Sep. Quarter


Expanding product margins helped boost net income 26% in the fiscal second quarter ended Sep. 30 to $109,614,000 from $86,925,000, despite a slight decline in revenues to $1,566,710,000 from $1,573,885,000, largely from wholesale weakness in North America. Wholesale inched down 1% to $939.7 million, but direct-to-consumer increased 3% to $595.8 million, with e-commerce growing 2% and stores comping up 4%.

 

Under Dog’s chief Stephanie Linnartz, who has been working to build out the C-suite with leadership to execute her Protect This House 3 strategic plan, called out progress on several fronts. Key ... Log in to view full article.

 


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