The company said it "believes in doing what is right."
"Doing what is right to us means ... forgiving someone who not only embarrassed himself but let down his country," the statement, which was posted on Facebook and Twitter, reads. "Forgiving isn't about condoning the action. It is about providing grace when asked. You don't have to agree, and we respect everyone's opinions, but the world could use more understanding, love and forgiveness ... Everyone deserves forgiveness and second chances."
Lochte posted a message, thanking the company for its support.
Lochte's comeback also includes an appearance on Season 23 of "Dancing With the Stars."
After news surfaced that confirmed Lochte lied and fabricated portions of a story in which he claimed to have been robbed at gunpoint at a Rio, he lost partnerships with Polo Ralph Lauren, Speedo, mattress company Airweave and Syneron-Candela.
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