Under Armour's sales increase, but profits drop sharply

2013-05-02T00:00:00

Under Armour's gross margin moved up by 0.3 percentage points to 45.9 percent in the first quarter, but its net income declined by 47 percent to $8 million, largely due to higher marketing costs connected to its “I Will” campaign and other operating expenses, which jumped by 25.7 percent to ...

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