Under Armour delivered a stronger-than-expected financial performance in the final months of 2020 as the atheltic apparel maker boosted online sales of apparel and footwear and reined in costs.
The Baltimore-based sports brand improved despite challenges of the coronavirus pandemic and an ongoing business restructuring, the company said Wednesday.
Improving brand strength and consistent operational execution delivered better than expected results in quarter, said Patrik Frisk, Under Armour president and CEO, in a statement. Our global team was exceptionally resilient and disciplined amid a highly challenging year.
Under Armour reported net income for the quarter that ended Dec. 31 of $184 million, or 40 cents a sh…
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