The news: Under Armour’s restructuring efforts will be far more costly than it previously thought.

• The sportswear brand had expected its fiscal 2025 restructuring plan would incur about $70 million to $90 million in pretax restructuring and related charges. But it now expects its decision to close a distribution center in Rialto, California will add about $70 million in extra expenses, for a total cost of $140 million to $160 million.
• Under Armour expects its operating loss to range between $220 million and $240 million, compared to the loss of $194 million and $214 million it previously expected.
• It also expects its diluted loss per share to range between 58 cents and 61 cents, compared to the 53- to 56-cent range it previously expected.