Under Armour ‘on track’ for full year despite sales dip
Sportswear retailer Under Armour has said it delivered better than expected profitability and remains “on track” for the full year, despite a decline in sales in its third quarter.
Under Armour posted revenue of $1.5bn (£1.19bn) in its third quarter to December 31, 2023, down 6% year on year.
Wholesale sales for the quarter were also down 13% to $712m (£563.8m), while direct-to-consumer revenue was up 4% to reach $741m (£586.9m).
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