Coronavirus sends Under Armour's quarterly revenue tumbling 23%
Net revenue fell to $930.2 million from $1.20 billion
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(Reuters) - Athletic apparel maker Under Armour Inc on Monday reported a 22.8% fall in quarterly revenue, as several retailers across the world remained shut due to the COVID-19 pandemic.
The company reported a net loss of $589.7 million, or $1.3 per share, in the first quarter ended March 31, compared with a profit of $22.5 million, or 5 cents per share, a year earlier.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UAA | UNDER ARMOUR INC. | 9.52 | +0.28 | +3.03% |
Net revenue fell to $930.2 million from $1.20 billion.
ANOTHER RETAILER FILES FOR BANKRUPTCY
(Reporting by Nivedita Balu in Bengaluru; Editing by Tomasz Janowski)
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