Under Armour has revised its fiscal 2025 guidance, anticipating a loss between 58 and 61 cents per share, compared to a previous estimate of 53 to 56 cents.
The company attributed the increased losses to heightened restructuring costs following layoffs and the closure of a key distribution facility, doubling its expected charges to between $140 million and $160 million.
Under Armour's updated outlook reflects the impact of significant pre-tax charges associated with the restructuring measures, with cash expenses projected to reach up to $75 million.
The sportswear brand aims to streamline operations through these restructuring efforts, marking a crucial move in response to ongoing market challenges.
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