Under Armour Ends Curry Partnership, Raises Restructuring Charges

MT Newswires Live11-14

Under Armour (UA) boosted its estimate for fiscal 2025 restructuring costs and raised its fiscal 2026 adjusted operating income outlook.

The board approved an additional $95 million in restructuring expenses, bringing total expected charges to as much as $255 million, the company said Thursday in a statement.

The restructuring now includes the separation of Curry Brand, ending Under Armour's partnership with National Basketball Association star Stephen Curry, along with contract terminations, asset impairments, and additional severance costs.

Despite the separation, the company expects its global basketball business, including Curry Brand, to generate $100 million to $120 million in fiscal 2026 and does not anticipate a material impact on results.

Under Armour now forecasts adjusted operating income of $95 million to $110 million for fiscal 2026, up from its prior range of $90 million to $105 million. GAAP operating results are expected to show a loss of $56 million to $71 million after restructuring charges.

Shares of the company rose 1.6% in after-hours trading.

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