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.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)