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Under Armour Profits Bounce Back in Q3

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Shares of Under Armour (UA) dropped more than 13 percent Tuesday, after the Baltimore-based athletic brand lowered its growth guidance through 2018.

Double-digit sales growth in all product categories pushed net revenues up 22 percent to $1.47 billion in the quarter ended Sept. 30, compared with $1.2 billion a year ago, and profits increased 28 percent from $100 million to $128 million. Footwear was the standout (up 42 percent), driven by running and basketball, while sales of apparel and accessories increased 18 percent apiece.

Read more at Sourcing Journal.

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