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 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 warns restructuring may cost more than previously expected
Under Armour expects its restructuring efforts to cost more than it had previously forecast, the sportswear maker said on Monday, sending its shares down 3% in aftermarket trade.
Under Armour calls for bigger losses ahead on higher restructuring charges
Shares of Under Armour Inc. dropped in the extended session Monday after the retailer said it expects a bigger operating loss in fiscal 2025 thanks to increased restructuring costs.
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.
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 ...
Under Armour gives back to Baltimore
Armour Day. That’s when the Baltimore-based company, Under Armour, gives back to its hometown in a big way, all on one ...
Under Armour Inc. Cl A stock underperforms Wednesday when compared to competitors
This was the stock's second consecutive day of losses.
Adidas veteran joins Under Armour
US sportswear brand Under Armour has named former Adidas Italy CEO Franck Denglos as vice president of commercial for Europe, ...
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Under Armour names Franck Denglos as VP of commercial for EMEA
Under Armour has announced the appointment of Franck Denglos as vice president of commercial for Europe, the Middle East, and ...
Stifel Nicolaus Remains a Buy on Under Armour (UAA)
In a report released today, Jim Duffy from Stifel Nicolaus maintained a Buy rating on Under Armour (UAA – Research Report), with a price ...
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Under Armour enters the sports fashion market
Recently, Under Armour has been challenged given “soft consumer demand and elevated promotional levels, cautious wholesale ordering [from retailers], and long product lead times”, wrote an ...
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Under Armour Promo Codes 2024
Under Armour is the go-to brand in Australia for highly functional, stylish sports and outdoor wear. Whether it's a pair of Hovr running shoes or the latest backpack styles, customers can easily ...
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Under Armour's Curry Brand opens first store - in China
Under Armour's Curry Brand - a partnership with basketball star Steph Curry - has opened its first brick-and-mortar store, in ...