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.
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?"