Under Armour Q2 revenue hits $1.2 billion, down 7%
UA Under Armour Inc
$5.28 +3.73%
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- 1Under Armour recorded $1.2 billion in revenue for the second quarter of fiscal year 27, representing a 7% decline in total quarterly revenue.
- 2Under Armour's football cleat business recorded double-digit growth during the quarter.
- 3Under Armour has set a goal to reduce its SKUs by nearly 50%.
So what's the key point?
Under Armour's second quarter revenue fell 7% to $1.2 billion. While football shoes sold well, the company plans to increase efficiency by cutting its product variety by nearly half.
Source The Motley Fool +1 · View original ↗
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