Accelerating footwear sales helped Under Armour Inc. record a 38 percent boost in first-quarter profits and lift its stock Tuesday.
The Baltimore-based activewear producer said net income for the period ended March 31 grew to almost $4 million, or 8 cents a diluted share, versus $2.9 million, or 6 cents a share, in the year-ago quarter. Net sales increased 27.1 percent to $200 million, from $157.3 million, a year earlier. Analysts surveyed by Yahoo Finance expected earnings per share of 3 cents on sales of $182.2 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?"