Under Armour revenue decreases 40.6 percent for Q2

Under Armour reported net loss for Q2 on Friday. Revenues dropped by
40.6 percent from the same period last year.

The company’s net loss for Q2 was -183 million dollars, increased from
net loss of -17 million dollars a year earlier. Furthermore, revenues
slipped to 708 million dollars.

Under Armour (NYSE: UAA) is an American sports clothing and accessories
company. The company was founded in 1996 and is headquartered in Baltimore,
Maryland. Under Armour develops and sells branded performance apparel both
through wholesale and direct to consumer channels.

As of 2020, Under Armour has more than 14,000 employees and operates
over 400 stores.

This story was generated by Arria, an NLG tool that turns data into
stories. You can report errors and bugs to tip@fashionunited.com.


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