Flat results for Under Armour - sportstextiles: Lea SportsTextiles

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Flat results for Under Armour

30/07/2019
US sportswear brand Under Armour has reported a 1% rise in second-quarter sales to $1.2 billion, with footwear making up about a quarter of revenues.

North America revenue decreased 3% to $816 million and the international business increased 12% to $339 million. It reported an operating loss of $11 million.

CEO Kevin Plank said: “Our second quarter results give us increasing conviction that our transformation continues to make solid progress across our business, unlocking efficiencies that are driving greater precision, consistency and repeatability.

“By staying sharply focused on our long-term strategies – driving our premium athletic brand positioning through industry leading innovation, geographic expansion and creating deep connections with our consumers – we are on track to deliver against our expectations in 2019.”


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