Under Armour revised its Fiscal 2025 outlook, increasing restructuring costs to $140-$160m and expecting an operating loss of $220-$240m.
Under Armour has revised its Fiscal 2025 outlook, anticipating higher restructuring costs of $140 to $160 million, up from $70 to $90 million. This change results in an expected operating loss of $220 to $240 million, compared to earlier estimates. The company plans to exit a distribution facility in Rialto, California, contributing approximately $70 million to these charges. Following the news, Under Armour's shares dropped 3%, reflecting ongoing financial struggles.
September 09, 2024
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