Under Armour sales slip against ‘challenging consumer environment’
In a trading update for the first quarter ending in June, Under Armour reported total sales of $1.3bn (£1.02bn), down 2% from the same period last year, and 1% in currency-neutral terms. Operating income was $21m (£16.5m) and net income was $9m (£7m).
Wholesale sales were down 6.3% to $742m (£582.6m) and direct-to-consumer sales increased 4.5% to $544m (£427.1m).
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