Shares of Under Armour Inc. shot up 12.3 percent Thursday as second-quarter profits more than doubled.
The Baltimore-based athletic firm also raised its outlook for the full year. Revenues are now expected to climb to $2.23 billion and $2.25 billion this year, up from the $2.21 billion to $2.23 billion previously forecast. Wall Street was already looking for $2.25 billion, but analysts might now nudge up their own projections.
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)