May 11, 2020 / 11:05 AM / 25 days ago

Under Armour's quarterly revenue tumbles 23% amid health crisis

May 11 (Reuters) - Athletic apparel maker Under Armour Inc 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)

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