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Article Date: July 2018
Word Count: 664

Under Armour Still Cleaning Up, But Sees Turnaround On Track


Admitting that it still has much more to do before it is back on track, Under Dog reported a net loss of $95,544,000 against a loss of $12,308,000 for the second quarter ended Jun. 30 on an 8% increase in sales to $1,174,859,000 from $1,091,192,000. The period included restructuring charges of $78,840,000 this year compared to just $3,098,000 last year. Too, Under Dog said that in addition to the $110-130 million in restructuring charges that it identified in its initial restructuring plan, it has identified an additional $80 million in charges that it will take, bringing the total to $190-230 ... Log in to view full article.

 


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