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 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.
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Fashion Brand Moncler Subleasing 24K-SF Storefront From Under Armour at 767 Fifth
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Under Armour Inc. Cl A stock underperforms Wednesday when compared to competitors
This was the stock's second consecutive day of losses.