Under Armour Reports Update To Its FY25 Restructuring Plan, Including Additional Initiatives
Portfolio Pulse from Benzinga Newsdesk
Under Armour has updated its Fiscal Year 2025 restructuring plan, increasing expected pre-tax restructuring charges to $140-$160 million, largely due to exiting a distribution facility in Rialto, California. The company has already incurred $34 million in charges as of June 30, 2024.
September 09, 2024 | 9:18 pm
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Under Armour has revised its FY25 restructuring plan, increasing expected charges to $140-$160 million due to exiting a Rialto facility. This may impact short-term financials.
The increase in restructuring charges suggests higher costs than initially anticipated, which could negatively impact Under Armour's short-term financial performance. Exiting a major distribution facility indicates a significant operational change.
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