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Under Armour, Inc. (NYSE:UA) shares are trading lower premarket Tuesday. The company disclosed an update to its FY25 restructuring plan, introducing new initiatives to enhance its strategic supply chain capabilities and overall business performance. After further evaluation, the company identified around $70 million in charges, mainly due to the decision to exit its primary distribution facility in Rialto, California, by March 2026. Under Armour now expects pre-tax restructuring charges of $140 million to $160 million for FY25 and FY26. This includes up to $75 million in cash charges—$30 milli…

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