• Under Armour Q1 revenue up 35 percent, raises full-year outlook

    1 day ago - By Fashion United

    Image: Under Armour, Facebook
    US sportswear brand Under Armour has reported a 35 percent increase in revenue for the first quarter of the year and raised its full-year outlook.
    The Baltimore, Maryland-based brand saw its revenue increase to 1.25 billion dollars in the three months to March 31 compared to 930 million dollars a year earlier.
    Wholesale revenue increased 35 percent to 800 million dollars while direct-to-consumer revenue was up 54 percent to 437 million dollars, driven by a 69 percent growth in e-commerce.
    Apparel revenue increased 35 percent to 810 million dollars, footwear...
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