Under Armour, Inc. (NYSE:UAA) shares are trading higher on Tuesday after the company reported fourth-quarter results.
The company reported:
The firm confirmed that there were no outstanding borrowings under the company’s $1.1 billion revolving credit facility.
Also Read: Under Armour, CyberArk Software And 3 Stocks To Watch Heading Into Tuesday
In May 2024, Under Armour launched a restructuring plan aimed at boosting financial and operational efficiency.
The total expected cost ranges from $140 million to $160 million, including up to $90 million in cash expenses and $70 million in non-cash charges.
By the end of fourth-quarter, the company had already spent $89 million under the plan—$55 million in cash and $34 million in non-cash charges.
Outlook: “As we look toward fiscal 2026 amid a complex macroeconomic backdrop, our sharpened execution, alignment, and focus – bolstered by the move to a category-led operating model – equip us to navigate ongoing volatility with resilience,” said Under Armour President and CEO Kevin Plank.
Under Armour expects first-quarter adjusted EPS to range between one cent and three cents. The company forecasts revenue between $1.125 billion and $1.137 billion, slightly below the $1.167 billion estimate.
Price Action: UAA shares are trading higher by 0.64% to $6.260 at last check Tuesday.
Read Next:
Image: Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
