Under Armour Q2 revenue dips as brand realignment continues
Inside Retail
NOVEMBER 7, 2024
Operating expenses decreased 15 per cent, and net income for the quarter was $170 million. By product, apparel sales dropped by 12 per cent, footwear by 11 per cent, and accessories rose 2 per cent. 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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