UA

Restructuring Plan: Under Armour has expanded its fiscal-year 2025 restructuring plan, approving an additional $95 million in actions, bringing total estimated charges to $255 million, which includes both cash and non-cash expenses related to employee severance, contract terminations, and asset impairments.

Curry Brand Separation: Under Armour and Steph Curry have agreed to separate the Curry Brand from the company, with expectations that the global basketball business will generate $100 million to $120 million in revenue for fiscal 2026, while the separation is not anticipated to significantly impact Under Armour's overall financial results.

Stock Performance: Following the announcements, Under Armour shares have dropped by approximately 2.54%, trading at $4.35.

Future Releases: Despite the separation, Under Armour will still release the Curry 13 shoe in February 2026, along with additional collections available through October 2026.

Curry Brand Separation: Under Armour is ending its decade-long partnership with Stephen Curry, making the Curry Brand independent while focusing on UA Basketball. The final Curry 13 shoe will be released in February 2026, with additional products available until October.

Expansion of Fiscal 2025 Restructuring Plan: The company has increased its fiscal 2025 restructuring plan charges to up to $255 million, which includes costs related to the Curry Brand separation and other restructuring actions.

Financial Outlook: Under Armour has raised its fiscal 2026 adjusted operating income outlook, now projecting an operating loss of $56 million-$71 million, while adjusted operating income is expected to be between $95 million-$110 million.

Market Reaction: Following the news, Under Armour's shares were trading lower by 0.89% at $4.43 in premarket trading.