Under Armor: tightens up its target ranges

(CercleFinance.com) - Under Armor has announced a tightening up of its annual target ranges, now expecting adjusted EPS of between 16 cents and 19 cents, with adjusted operating profit of between 140 million and 160 million dollars, up from previous ranges as from 14 cents and 130 million dollars respectively.


The Baltimore based clothing chain explained that it has revised its expected restructuring costs for 2018, due to expenses related to a 3% reduction in its overall workforce by the end of March 2019.

CFO David Bergman said that this will help the group simplify the organization for faster and smarter action, as well as additional cost efficiencies.


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