In his first earnings call since returning to the CEO role, Kevin Plank said he wants to streamline Under Armour's business and narrow its focus. Here's his plan for turning the company around.
Kevin Plank is back and he's not happy. In his first earnings call since returning to Under Armour as its chief executive officer, Plank laid out a significant restructuring plan that will include ...
Restructuring for Resilience In a bid to counteract these challenges, Under Armour has unveiled a broad restructuring plan, projected to cost between $70 million and $90 million. This plan ...
(Recasts throughout, updates shares in paragraph 2, adds analyst comment in paragraph 7) By Juveria Tabassum May 16 (Reuters) - Under Armour on Thursday forecast a surprise fall in sales for the year ...
Under Armour announced plans for a restructuring following disappointing results in its fourth quarter and fiscal year 2024 (ended March 31, 2024), as well as the expectation that revenues will ...
Under Armour Inc.’s stock rose Thursday after the athletic-apparel maker unveiled a restructuring plan that aims to restore it to growth and recreate enthusiasm for the troubled brand.
Under Armour is one of the biggest global sports apparel brands. The company has struggled with strategy. Under Armour changed CEO five times in five years. Now, the founder is returning to the ...
Expects to Emerge from Court-Supervised Process in the Coming Days with Enhanced Financial Flexibility to Invest in Transformation and Growth of the Business BLOOMINGTON, Minn., May 23, 2024 ...