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 to close warehouse as part of increased cost-cutting
Under Armour Inc. is closing a 1.2 million-square-foot California distribution center as the company doubles down on its cost-cutting measures.
Under Armour lowers guidance amid increased restructuring costs, layoffs
Under Armour yesterday lowered its outlook for FY2025, saying it expects to double its restructuring costs as it closes a distribution facility and lays off more employees.
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.
Under Armour Inc. Cl A stock outperforms competitors on strong trading day
This was the stock's third consecutive day of gains.
Kevin Plank Broke Under Armour. Can He Fix It?
When Kevin Plank took back the CEO job this year at Under Armour, he said the sportswear brand he founded had suffered from ...
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 ...
Why Under Armour Stock Plunged on Tuesday
Under Armour shares were down roughly 10% in afternoon trading Tuesday, pushing the year-to-date decline for the athletic ...
Commercial Observer5d
Under Armour to Close SoCal Facility Amid Corporate Restructuring
Amid a period of cost cutting and restructuring in the wake of waning consumer demand, Under Armour has now opted to close a ...
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.
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 ...
Forbes4d
Under Armour
Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following ...
Warriors Stephen Curry Goes 'Night-Night' in China
In a social media video clip, Golden State Warriors superstar Stephen Curry makes the Chinese crowd go wild.
Under Armour should 'sell less and charge more' to increase profits - analyst
Sell Less, Charge More, and Earn More” should be Under Armour’s (UAA, UA) new strategy which could lead to increased profits ...