Under Armour records $1.2 billion in Q2 revenue while pursuing product line reduction
UA Under Armour Inc
$5.28 +3.73%
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- 1Under Armour recorded a 7% year-over-year decline in Q2 revenue.
- 2Under Armour set a target to reduce product SKUs by 50%.
- 3Under Armour is transferring its youth apparel line to Centric Brands.
So what's the key point?
Under Armour's Q2 revenue decreased by 7% compared to last year. The company is moving to increase efficiency by cutting the number of product types in half.
Source The Motley Fool +1 · View original ↗
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