Under Armour Stock Jumps With Restructuring in Full Swing
UAAUnder Armour(UAA) Investopedia·2024-08-09 00:21

Key Takeaways Under Armour is "encouraged by early progress" in its restructuring process. First-quarter revenue fell 10% year-over-year but beat analysts' consensus estimate. Fiscal 2025 revenue is expected to fall by a low-double-digit percentage rate. Under Armour (UAA) shares popped intraday Thursday following the company's first-quarter fiscal 2025 results, its first since announcing a substantial restructuring plan. The athletic apparel retailer said it has recognized $34 million of the estimated $70 ...