Under Armour Restructuring Costs Are More Than Originally Estimated
Key Takeaways Under Armour reported that the expenses for its restructuring plan will be much more than first believed.The athletic apparel maker now sees its pre-tax restructuring and related charges in the range of $140 million to $160 million,
Under Armour is right to ‘rip the band-aid off’ with restructuring, but turnaround is still elusive, analysts say
Under Armour Inc.’s stock tumbled 8% Tuesday, after the sporting goods and apparel maker warned its fiscal 2025 losses would be bigger than expected, prompting analysts to take a more cautious tone on the business.
Under Armour Warns Restructuring May Cost More Than Previously Expected
(Reuters) - Sportswear maker Under Armour said on Monday it sees a bigger net loss in fiscal year 2025, due to higher-than-expected charges related to its restructuring plans. The company expects a loss between 58 cents and 61 cents per share in fiscal year, compared with its prior forecast of 53 cents to 56 cents loss per share.
Under Armour warns restructuring may cost more than previously expected
Under Armour is cutting promotions, inventory and workforce while focusing on selling more higher-margin items such as men's apparel. The Baltimore-based company expects to incur between $140 ...
Under Armour Doubles Expected Restructuring Costs, Cuts Outlook
The latest restructuring measures will lead to pre-tax charges of $140 million to $160 million for the fiscal years ending in March 2025 and 2026, the sportswear maker said.
Under Armour Expects Bigger Charges From Restructuring Plan
Under Armour Inc. lowered its outlook for its current fiscal year, saying the company’s restructuring plan is going to cost more than management predicted.
Under Armour turnaround costs revised to up to $160 million
A plan to elevate the Under Armour brand and make it more efficient is expected to cost roughly twice as much as previously announced and include the closure of a California distribution center. Baltimore-based Under Armour announced a restructuring plan in June that was expected to include layoffs and cost an estimated $70 million to $90 million.
Score! Amazon is knocking up to 60% off Under Armour apparel ahead of Prime Day
Early sales from Amazon's Prime Big Deal Days event are revealing epic discounts on top-rated apparel brands. Case in point: ...
Why Under Armour Slumped Today
On Monday evening, Under Armour gave an update to its outlook for fiscal 2025, which ends next March. The company increased ...
Kevin Plank Broke Under Armour. Can He Fix It?
The apparel brand’s founder retakes the CEO role after four years—and two successors.
Is Under Armour’s expensive comeback plan a doomed path?
Shares of Under Armour have fallen 23 per cent over the past year and are down 87 per cent from their high in 2015.
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Fashion Brand Moncler Subleasing 24K-SF Storefront From Under Armour at 767 Fifth
Italian fashion brand Moncler Group has signed a sublease for 24,000 square feet from Under Armour at the General Motors ...
Under Armour: Return To Glory
Under Armour's stock initially rose with founder Kevin Plank's return and FQ1 results but fell due to higher FY25 ...
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Under Armour Promo Codes 2024
All domestic orders are shipped via Australia Post. The Under Armour free return policy allows you to return your headphones, clothes, or footwear within 60 days of receiving them. Simply log on ...
Under Armour Inc. Cl A stock underperforms Wednesday when compared to competitors
This was the stock's second consecutive day of losses.