Grand News Network | November 8, 2023

Sportswear Company Under Armour Slashes FY24 Topline Outlook: Here's Why

Under Armour Inc (NYSE: UAA) (NYSE: UA) reported that second-quarter FY24 sales remained flat year-on-year to $1.567 billion, marginally missing the analyst consensus estimate of $1.568 billion.

Wholesale revenue decreased 1% Y/Y to $940 million, and direct-to-consumer revenue increased 3% to $596 million.

Apparel revenue climbed 3% Y/Y, Footwear dropped 7%, while Accessories revenue increased 3%. North America revenue decreased 2% to $991 million, and international revenue increased ...

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