_under-armour39s-profits-plummet-96-in-q4-amid-declining-north-america-sales.jpg "Under Armour's Profits Plummet 96% in Q4 Amid Declining North America Sales from tomlinson39s wholesale Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:38
👁 View: 550K times
✓ Published: 17-May-2024
👁 View: 550K times
✓ Published: 17-May-2024
Description:
Under Armour reported a 96% drop in profits during its fiscal fourth quarter compared to the same period last year. The company's revenue declined 5% year-over-year for the quarter, and sales in Under Armour's largest market, North America, plunged 10%. The athletic apparel retailer expects sales in North America to drop even more sharply for the full 2024 fiscal year. The company is implementing a broad restructuring plan that will include an unspecified number of job cuts. Under Armour's CEO Kevin Plank blamed \
Under Armour reported a 96% drop in profits during its fiscal fourth quarter compared to the same period last year. The company's revenue declined 5% year-over-year for the quarter, and sales in Under Armour's largest market, North America, plunged 10%. The athletic apparel retailer expects sales in North America to drop even more sharply for the full 2024 fiscal year. The company is implementing a broad restructuring plan that will include an unspecified number of job cuts. Under Armour's CEO Kevin Plank blamed \
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_hotter-than-expected-prices-raise-rate-cut-doubts-as-prices-rise-over-2-in-april.webp "The Producer Price Index, which measures wholesale prices, rose 0.5% in April, more than the expected increase of 0.3%. Core PPI, which excludes volatile food and energy prices, also increased by 0.5% compared to an estimated 0.2%. On a yearly basis, wholesale inflation rose over 2% in April, the biggest gain in a year. Services prices drove much of the wholesale inflation, and portfolio management costs increased sharply. Energy prices rose led by a jump in gasoline costs, while food prices declined. Hotter-than-expected inflation raises doubts about the Fed's ability to cut rates soon to achieve its 2% target.")
_women39s-wholesale-clothing-amp-shoes-vendors-featuring-wholesale21.webp "Angela")
_vetting-wholesale-suppliers-for-amazon-fba.webp "Robert Nesteroff")
_how-to-buy-wholesale-clothing-fr0m-turkey-without-a-middle-man-or-agent-new-season-collection124-arbat.webp "NOBARRIERSGROWTH")
HOW TO BUY WHOLESALE CLOTHING FR0M TURKEY WITHOUT A MIDDLE-MAN OR AGENT NEW SEASON COLLECTION| ARBAT
⏲ 16 minutes 33 seconds 👁 118.7K
_how-to-buy-wholesale-clothing-how-to-start-a-clothing-business-with-buying-wholesale.webp "Curiosity Insight")
⏲ 4 minutes 9 seconds 👁 661
_stock-markets-rally-amid-investor-hopes-for-interest-rate-cuts-in-2024.webp "Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \")
_how-amp-wh3r3-to-buy-bulk-clothing-pallets-124-wholesale-amp-liquidation-series-part-2-4.webp "Ashley Wheeler")
⏲ 38 minutes 44 seconds 👁 21K
_hotter-than-expected-prices-raise-rate-cut-doubts-as-prices-rise-over-2-in-april.jpg)
_women39s-wholesale-clothing-amp-shoes-vendors-featuring-wholesale21.jpg)
_vetting-wholesale-suppliers-for-amazon-fba.jpg)
_how-to-buy-wholesale-clothing-fr0m-turkey-without-a-middle-man-or-agent-new-season-collection124-arbat.jpg)
_how-to-buy-wholesale-clothing-how-to-start-a-clothing-business-with-buying-wholesale.jpg)
_stock-markets-rally-amid-investor-hopes-for-interest-rate-cuts-in-2024.jpg)
_how-amp-wh3r3-to-buy-bulk-clothing-pallets-124-wholesale-amp-liquidation-series-part-2-4.jpg)
![[+]](/images/menu.gif){kind=small}