Under Armour beat first-quarter sales and profit estimates and expects stronger demand for its athletic apparel and footwear this year, driven by a rebound in its key U.S. market and a focus on fitness amid the pandemic. The Baltimore-based brand reported that sales during the three months that ended March 31 surged 35% to $1.3 billion, compared with $930 million in the first quarter of 2020, when many stores closed in March due to COVID-19. Analysts expected sales of $1.13 billion.
Under Armour beats first-quarter sales and profit estimates, expects stronger demand this year
May 5, 2021