Shares of Under Armour Inc. shot up 9 percent in trading Tuesday after the company posted second-quarter results that topped expectations and boosted guidance for the year.
Net income rose 6.8 percent to $6.7 million from $6.2 million. Earnings per share were flat at 6 cents — 1 cent better than analysts expected. Revenues for the three months ended June 30 jumped 26.8 percent to $369.5 million from $291.3 million. Apparel revenues rose 23.5 percent to $252.8 million, while footwear revenues rose 43.8 percent to $67.4 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)