Financial

Under Armour sees drops of 23% in Q1 and up to 60% in Q2

2020-05-12T19:48:00

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Under Armour reported a 22.8 percent hit on its revenues for the first quarter of 2020, down to $930.2 million, blaming about 15 percentage points of the decrease on Covid-19 and warning that they might drop by between 50 and 60 percent in the second quarter. Unlike its peers, the ...

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