FILE PHOTO: Products are displayed in an Under Armour store in New York City, U.S., November 4, 2019. REUTERS/Brendan McDermid
(Reuters) – Athletic apparel maker Under Armour Inc (UA.N) (UAA.N) on Monday reported a 22.8% fall in quarterly revenue, as several retailers across the world remained shut due to the COVID-19 pandemic.
The company reported a net loss of $589.7 million, or $1.3 per share, in the first quarter ended March 31, compared with a profit of $22.5 million, or 5 cents per share, a year earlier.
Net revenue fell to $930.2 million from $1.20 billion.
Reporting by Nivedita Balu in Bengaluru; Editing by Tomasz Janowski