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Under Armour’s Q1 performance slumps owing to Covid-19 lockdowns

Under Armour’s Q1 performance slumps owing to Covid-19 lockdowns

Athletic apparel maker Under Armour on Mon said its net revenue fell to $930.2mn from $1.20bn, lower than analyst forecast of $949mn down 23% same period last year, owing to lockdown measures during COVID-19 pandemic. The company reported a net loss of $589.7mn, or $1.30 per share, in Q1, compared with a profit of $22.5mn, or 5 cents per share, a year earlier.

Milan
Milan
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