Shares of performance apparel manufacturer Under Armour Inc. fell 6 percent Thursday despite a double-digit increase in fourth-quarter profit and a boost in guidance after the firm warned expenses will increase in 2010 as it invests in its direct-to-consumer business.
For the three months ended Dec. 31, income rose 82.7 percent to $15.2 million, or 30 cents a diluted share, 5 cents above the consensus estimate. This compares with profits of $8.3 million, or 17 cents, in the year-ago quarter.
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?"