Revenue of US sportswear firm Under Armour at $1.5 bn in Q3 FY24

Under Armour’s Q3 FY24 revenue fell 6 per cent to $1.5 billion, with wholesale down 13 per cent but direct-to-consumer up 4 per cent.
North America saw a 12 per cent decline, while international revenue grew 7 per cent.
Apparel and footwear sales dropped.
Gross margin improved to 45.2 per cent.
Net income hit $114 million, with inventory down 9 per cent.

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