Under Armour Q2 revenue dips as brand realignment continues
Inside Retail
NOVEMBER 7, 2024
By product, apparel sales dropped by 12 per cent, footwear by 11 per cent, and accessories rose 2 per cent. Operating expenses decreased 15 per cent, and net income for the quarter was $170 million. However, the company’s gross margin improved by 200 basis points to 49.8 per cent due to lower costs and reduced discounting.
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