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Under Armour revenue plunged 41 percent in the three months through June as the COVID-19 pandemic shuttered retail stores across the country.
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The Baltimore-based athletic apparel manufacturer reported a second-quarter net loss of $182.9 million, or an adjusted 31 cents per share, compared with a loss of $17.3 million a year prior. Net revenue was $707.6 million.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UA | UNDER ARMOUR INC | 10.18 | -0.15 | -1.45% |
“With the majority of our own stores and wholesale locations closed for most of the second quarter due to the COVID-19 pandemic, while we performed better than expected, we still experienced a significant decline in revenue across all markets,” CEO Patrik Frisk said in a statement.
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