Under Armour Q2 revenue drops 11% amid global decline
US sportswear brand Under Armour reported an 11% YoY decline in revenue to $1.4 billion for the second fiscal quarter ending September 30, with adjusted net income of $131 million. Regionally, North American revenue fell 13% to $863 million, while international revenue dropped 6% to $538 million. In international markets, revenue in Europe, the Middle East, and Africa decreased by 1%, Asia-Pacific dropped 11%, and Latin America fell 13%. The company expects an operating loss of between $176 million and $196 million for the full year.