Strong reaction to a number of new product introductions led Under Armour Inc. to post first-quarter results that beat Wall Street estimates.
For the three months ended March 31, net income fell 46.7 percent to $7.8 million, or 7 cents a diluted share, from $14.7 million, or 14 cents, a year ago. The company said the decline reflected “planned timing of marketing expenditures.” Analysts were expecting earnings per share of 3 cents. Net revenues rose 22.7 percent to $471.6 million from $384.4 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"