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Under Armour Sees 41% Revenue Plunge, Warns of Supply Shortage Ahead

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

Revenue at Under Armour fell 41 percent to $707.6 million in the second quarter, with the company incurring $182.9 million in net losses. The bulk of the sales declines came through the wholesale category, which fell 58 percent. Total revenues remained well ahead of Wall Street’s $543.8 million projections, though Under Armour expects more sales…

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