Under Armour Expands Restructuring Plan, Ditches Curry Brand

Core Insights - The athleticwear retailer's board has approved an additional $95 million in restructuring actions, increasing the total estimated restructuring and related charges to up to $255 million [1] Company Actions - The company is undertaking significant restructuring efforts, with the latest approval indicating a proactive approach to address operational challenges [1] - The total restructuring charges reflect the company's commitment to improving its financial health and operational efficiency [1] Financial Implications - The increase in restructuring charges suggests potential short-term financial strain but may lead to long-term benefits if the restructuring is successful [1] - The total estimated charges of $255 million highlight the scale of the company's restructuring efforts and the financial resources being allocated to this initiative [1]