Under Armour Lowers Outlook on Additional Restructuring Costs
Under Dog said it would take $70 million in additional charges to close a distribution center in Rialto, CA, leading it to reduce its operating and net income guidance for the current FY25 that ends next Mar. It now expects net loss for the year to come in between $0.58 and $ 0.61 per share ($259 mm at the midpoint) versus previous guidance for a $0.53 to $0.56 loss. Operating loss is expected to be $220 to $240 million, up from ... Log in to view full article.
