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US sportswear company Under Armor continues to grow in the second quarter of 2009

Under Armor, the brand’s athletic performance apparel distributor, sales for the second quarter (Q2), which ended June 30, 2021, increased 91% year-on-year to $ 1.4 billion (second quarter of 2008). : $ 707.6 million). In light of good performance, the company has raised its revenue outlook for 2009 to 20% lower than its predecessor teens.

“Under Armor’s second-quarter results reflect strong progress compared to both 2020 and 2019, and we are very pleased to be above expectations. In light of this, we are raising the outlook for the whole year, and we are doing well in 2021. ” Patrik Frisk, President and CEO of Under Armor, Said in a press release.

Gross profit for the second quarter almost doubled to $ 668.8 million ($ 349.1 million), while operating profit exceeded $ 121.2 million (loss: $ 169.7 million). The company’s net profit accelerated to $ 59.2 million (loss: $ 182.9 million).

According to an American sportswear company, revenue from North America increased 101.4% to $ 95.5 million ($ 449.7 million), while EMEA increased 132.5% to $ 207.2 million ($ 89.1 million). was. In addition to these, revenues in Asia Pacific ($ 192.3 million) and Latin America ($ 46.5 million) increased by 56.1% and 317.3%, respectively.

By classification, Under Armor’s apparel revenue was up 105.3% to $ 874.2 million ($ 425.8 million) and footwear revenue was up 85.1% to $ 342.6 million ($ 185 million).

“At the midpoint of the fiscal year, we are confident in our ability to execute our strategy by putting Focus Performer at the center of all our operations and enhancing our ability to drive consistent and profitable growth for our shareholders over the long term. “, Frisk concludes.

Fiber2Fashion News Desk (JL)

Under Armor, the brand’s athletic performance apparel distributor, sales for the second quarter (Q2), which ended June 30, 2021, increased 91% year-on-year to $ 1.4 billion (second quarter of 2008). : $ 707.6 million). In light of good performance, the company has raised its revenue outlook for 2009 to 20% lower than its predecessor teens.



US sportswear company Under Armor continues to grow in the second quarter of 2009

Source link US sportswear company Under Armor continues to grow in the second quarter of 2009

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