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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)