Under Armour has seen its revenue climb by by 3% to $1.3 billion compared to the prior year in its transition quarter ending 31 March.
However. the athletic performance brand posted a net loss of $60 million and an adjusted net loss of $3 million.
Direct-to-consumer revenue increased by 1% to $441 million, driven by 2% growth in online sales. Meanwhile, wholesale revenue rose by 4% to $829 million, although owned and operated store revenue growth was flat during the quarter.
Looking at the brand’s different territories, North America revenue increased by 4% and EMEA revenue rose by 18%. Meanwhile. revenue in the Asia-Pacific region and Latin America decreased by 14% and 6% respectively.
