Columbus, OH

Reuters

(Reuters) -Under Armour posted a surprise first-quarter profit on Thursday on margins boost from selling its sports apparel at full price and lower inventory at a time when consumers get picky with what they spend their dollars on.

Under Armour posts surprise profit on higher margins, leaner inventory


				













	It wasn’t pretty, but it was better than expected.Former Adidas Exec Eric Liedtke Joins Under Armour as EVP of Brand Strategy Following Unless Collective Acquisition




	Under Armour early Thursday reported an operating loss of $300 million in the first quarter of fiscal 2025 on sales that dropped 10 percent to $1.2 billion. Excluding transformation expenses and other charges that totaled $308 million, the company’s adjusted operating income was $8 million.




	North American sales, the company’s largest market, continued to struggle with  a 14 percent decline in volume to $709 million. International revenue also decreased in the quarter, falling 2 percent to $473 million. Revenue in Europe, the...

Under Armour Losses Mount but Less Than Expected


				













	Il Makiage and SpoiledChild parent company Oddity posted second-quarter earnings and sales beats, as it announced a new chief science officer.ThredUp Talks New AI Tools, Plans to Divest European Business




	Net revenue was $193 million in the second quarter ended June 30, compared to $151 million a year earlier and beating analysts’ estimates of $188 million.




	Net income was $45 million, compared to $30 million in the second quarter of 2023. Adjusted diluted earnings per share were 82 cents, up from 56 cents and above Wall Street forecasts for 64 cents.




	“Our business is firing on all cylinders. Results in the second quarter...

Oddity Beats Wall Street Forecasts in Q2, Plans for More Tech, Science and Brands

For some US-based manufacturers, 2024 has been a rather lackluster year in terms of sales figures. In the first quarter of the year, Harley-Davidson reported flat sales with a mild decline in revenue. This time around, for Q2, it’s Polaris that’s suffering, as it reported a significant decline in sales...

Polaris Reports Worrying Sales Decline, President Leaves Company

Starbucks, Coca-Cola Seek Trademark Renewal in Russia(Kevin Dietsch/Getty Images) (Credit: Getty Image) Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees. Starbucks sales dropped by 3% globally at all stores open for at least a year, according to its recent financial release. In North America...

Starbucks Sees Declining Sales as More Consumers Step Away From High-Priced Coffee

The Motley Fool

The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.

Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

The New York Times

The economy’s resurgence from the pandemic shock has had a singular driving force: the consumer. Flush with savings and buoyed by a sizzling labor market, Americans have spent exuberantly, on goods such as furniture and electronics and then on services including air travel and restaurant meals.

To Avoid a Recession, Consumer Spending Is Key

California State

Uber, Lyft, Grubhub and DoorDash scored a major victory in a recent ruling from California's top state court upholding Proposition 22 and the classification of drivers as independent contractors rather than employees. Gig economy companies, as well as drivers who prefer contractor status, think they now have nationwide momentum to...

Uber, Lyft and the gig economy think they've found a way to win the national labor war

CNBC's Steve Liesman joins 'Squawk Box' to break down the latest results from the CNBC All-America Economic Survey.

Trump holds 2-point lead over Harris with a big advantage on economy, CNBC survey shows

Missouri State

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writer

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Florida State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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Uncovering Florida

With hurricane season posing a consistent threat six months out of the year, who would not like a little help getting their home ready for the harsh weather to come? Senate Bill 7028: My Safe Florida Home Program, approved by Governor DeSantis on April 24, 2024, and effective as of July 1, appropriates a one-time total of $200 million from 2024 to 2025 for the purpose of funding hurricane mitigation grants and inspections, as well as outreach and administration costs, to support homeowners in Florida.

DeSantis Signs New Bill Giving $200 Million To Homeowners

Charles Barkley said in a statement Tuesday he is not retiring and will stay with TNT Sports. Barkley said in June he planned to retire after next year's NBA season. Barkley signed a 10-year deal with TNT Sports in 2022. Charles Barkley is not retiring and he is not leaving...

Charles Barkley commits to staying at Warner Bros. Discovery's TNT Sports no matter what happens to NBA

Warren Buffett has been selling a lot of stock, and that revelation is inducing his many admirers to follow suit. His Omaha, Nebraska-based conglomerate, Berkshire Hathaway Inc., reported Saturday that it reduced several positions and slashed its stake in top-holding Apple Inc., a sign to some in markets that the “Oracle of Omaha” was bracing for deep stock-market declines. The intended message wasn’t actually as clear-cut as meets the eye, but that nuance might not matter given the speed of the sentiment tailspin in markets.

Buffett's $277 Billion Cash Hoard After Selling Apple Is a Warning

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Chris Pyle spends the entirety of his workdays wearing a white tank top and boxer shorts, sitting in a recliner. It's an unusual setting for a mechanic, but a profitable one. Pyle started answering strangers' questions about their gas and diesel engines on JustAnswer as a side hustle in October 2006.

45-year-old mechanic quit his full-time job for his side hustle—now he makes $14,200 a month: My paycheck is 'very consistent’

Amica is a leading car insurance provider with flexible policies, a solid reputation for customer service and a wide selection of discounts. We like that Amica's Platinum Choice® plan includes useful perks like new car replacement coverage, no-deductible glass coverage and increased rental-car benefits with no daily limit. Amica's...

Amica car insurance review 2024

TheStreet

The company currently has more than 1,300 stores in operation across 48 states.

Big Lots may close more than 300 stores nationwide

Jessica Jackson was afraid of heights when she first started her job as a wind turbine service technician — now, she spends most of her days working 300 feet in the air. Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year.

37-year-old mom earns $73,000 in one of the most in-demand jobs in the world—and it doesn't require a degree: 'I love what I do'

Morristown, NJ

Morristown Minute

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

NewsBreak

Under Armour sales fall after retailer cuts discounts, promotions in bid to be more premium

Under Armour beat Wall Street's quarterly estimates on the top and bottom lines. The company adjusted its full-year profit guidance after settling a securities lawsuit from...

Under Armour sales fall after retailer cuts discounts, promotions in bid to be more premium

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