Beneath Armour Q3 FY20: income $1.four bn; internet earnings $39 mn

2020/11 02 07:11

Beneath Armour, a distributor of branded athletic efficiency attire and footwear, posted its third quarter (Q3) outcomes for fiscal 2020, ended on September 30, 2020. Income for Q3 FY20 remained flat to $1.four billion in comparison with the income of identical quarter earlier yr. Firm’s internet earnings for the quarter slipped to $38.9 million (Q3 FY19: $102.three million).

 

“Our third-quarter outcomes mirror significantly higher than anticipated efficiency as a consequence of increased demand and our robust execution, particularly in North America,” Patrik Frisk, Beneath Armour president and CEO, mentioned in a press launch. 

 

Firm’s wholesale income decreased 7 per cent through the reported quarter to $830 million and direct-to-consumer income elevated 17 per cent to $540 million, pushed by continued robust progress in e-commerce.

 

Income of attire part fell 5.9 per cent to $927.zero million ($985.6 million). Nevertheless, footwear part income jumped 19.2 per cent to $298.6 million ($250.5 million).

 

Regionally, North America gross sales for Q3 FY20 got here down 5.three per cent to $962.5 million ($1.zero billion). EMEA gross sales rose 30.5 per cent to $210.1 million ($160.9 million). Asia-Pacific gross sales grew 15.5 per cent to $178.eight million ($154.eight million).

 

“We imagine that the crucial mass of our transformational challenges is behind us, and we stay sharply centered on operational enhancements and monetary self-discipline to speed up methods to create sustainable, long-term progress for the Beneath Armour model and our shareholders,” Frisk mentioned.

Fibre2Fashion Information Desk (JL)

Beneath Armour, a distributor of branded athletic efficiency attire and footwear, posted its third quarter (Q3) outcomes for fiscal 2020, ended on September 30, 2020. Income for Q3 FY20 remained flat to $1.four billion in comparison with the income of identical quarter earlier yr. Firm’s internet earnings for the quarter slipped to $38.9 million (Q3 FY19: $102.three million).




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