Under Armour, Inc. (UAA): restructuring charge disclosed in 8-K

Under Armour, Inc. (UAA): restructuring charge — Under Armour expands restructuring $95M to $255M, separates Curry Brand; raises FY2026 adj. OpInc outlook to $95-110M

Under Armour, Inc.

Restructuring plan increased by $95M to up to $255M total pre-tax charges: $107M cash, $148M non-cash.

Curry Brand to separate from Under Armour; final shoe (Curry 13) Feb 2026, apparel through Oct 2026.

FY2026 GAAP operating loss now expected $56-71M (prior income $19-34M); adjusted operating income raised to $95-110M.

Total global basketball revenue (including Curry) expected ~$100-120M in FY26; separation not materially affecting consolidated results.

Restructuring substantially complete by end of fiscal year 2026; company incurred $147M of charges through Sep 30, 2025.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Under Armour, Inc. announced a restructuring with charges of up to $255 million of pre-tax restructuring and related charges affecting Company-wide; specifically includes Curry Brand separation, additional contract terminations, asset impairments, employee severance and benefits (approximately $34 million in employee severance and benefits costs).

Type: restructuring
Charge: up to $255 million of pre-tax restructuring and related charges
Affected area: Company-wide; specifically includes Curry Brand separation, additional contract terminations, asset impairments, employee severance and benefits
Headcount: approximately $34 million in employee severance and benefits costs

Exact text from the filing

On November 13, 2025, Under Armour, Inc. (the “Company,” “Under Armour” or “UA”) announced an update to its previously disclosed fiscal year 2025 restructuring plan aimed at strengthening and supporting its financial and operational efficiencies. Previously, the Company expected to incur up to $160 million of pre-tax restructuring and related charges in connection with its fiscal year 2025 restructuring plan. After further review, the Company's Board of Directors approved a $95 million increase to the restructuring plan, which will include the separation of the Curry Brand as discussed below, as well as additional contract terminations, asset impairments, and employee severance and benefits costs. This will result in a restructuring plan of up to $255 million of pre-tax restructuring and related charges to be incurred during fiscal years 2025 and 2026

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