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Under Armour Shares Plummet as It Reports Steep Net Loss

May 6, 2022

Under Armour reported a net loss of $60 million in the quarter, with an adjusted loss of $3 million. But revenue was up 3% year-over-year to $1.3 billion. Wholesale was up 4% to $829 million, driven primarily by increases in its distributor and off-price business. Direct-to-consumer business was up 1%, with 2% growth in e-commerce sales and flat results in its owned and operated stores. Yahoo