(Reuters) – Sportswear maker Below Armour (NYSE:) mentioned on Monday it sees a much bigger web loss in fiscal 12 months 2025, attributable to higher-than-expected costs associated to its restructuring plans.
The corporate expects a loss between 58 cents and 61 cents per share in fiscal 12 months, in contrast with its prior forecast of 53 cents to 56 cents loss per share.
The retailer has been seeking to flip round its enterprise by reducing promotions, stock and workforce, whereas specializing in promoting extra higher-margin objects similar to males’s attire.
Shares fell 4% after the bell.