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The latest announcement is out from Under Armour ( (UA) ).
Under Armour, Inc. has revised its fiscal year 2025 restructuring plan, now anticipating pre-tax restructuring and related charges between $140 million to $160 million, a significant increase from the previous estimate of $70 million to $90 million. This adjustment follows the company’s discovery of additional opportunities for enhancing operational efficiencies and includes up to $75 million in cash-related charges and up to $85 million in non-cash charges. The revised plan also reflects an increase in expected operating losses and diluted loss per share for fiscal 2025. Despite these charges, the company remains focused on optimizing its business for long-term financial productivity and supply chain efficiency.
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