Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 156

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 156
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 2025 restructuring plan:

33

Three Months Ended September 30,Six Months Ended September 30,Estimated Charges Remaining to be Incurred(1)2025202420252024Costs recorded in restructuring charges: Employee-related costs $3,979 $1,393 $8,628 $11,738 Facility-related costs(2)21,947 4,457 28,258 12,495 Other restructuring costs5,980 (2,638)7,848 4,065 Total costs recorded in restructuring charges$31,906 $3,212 $44,734 $28,298 $5,297 Costs recorded in selling, general and administrative expenses:Employee related costs$719 $938 $719 $9,460 Other transformation initiatives3,726 1,786 11,985 1,921 Total costs recorded in selling, general and administrative expenses$4,445 $2,724 $12,704 $11,381 $8,103 Total restructuring and related charges$36,351 $5,936 $57,438 $39,679 $13,400 

(1) Estimated restructuring and related charges reflect the high-end of the range of the total estimated charges expected to be incurred in connection with the 2025 restructuring plan.

(2) Facility-related costs for the three and six months ended September 30, 2025 includes an impairment charge of $15.9 million relating to the previously disclosed decision to exit the Company's distribution facility in Rialto, California. 

Restructuring charges and recoveries require us to make certain judgments and estimates regarding the amount and timing as to when these charges or recoveries occur. The estimated liability could change subsequent to its recognition, requiring adjustments to the expense and the liability recorded. On a quarterly basis, we conduct an evaluation of the related liabilities and expenses and revise our assumptions and estimates as appropriate, as new or updated information becomes available.

Macroeconomic Factors and Other Global Events 

We are actively monitoring the evolving global trade environment, including recent changes in global trade policy, as well as indirect effects on consumer discretionary spending. We continue to assess the implications for our business and are actively implementing mitigation strategies. However, based on information that is currently available, these changes will have a material impact on our Fiscal 2026 results of operations, including revenue, gross profit and operating income.