Sport & Leisure
Under Armour revenues dip 2% in Q1
Gross margins declined during Q1 to 46.1% due to higher promotions and ‘adverse’ effects from changes in foreign currency
Under Armour revenues were down 2% to $1.3bn (£1.02bn) for the first quarter of FY24, despite the sportswear brand’s international business growing its revenue by a total of 12% to $485m (£380m).
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