05:55 PM EDT, 09/09/2024 (MT Newswires) -- Under Armour ( UAA ) said late Monday it now expects about $140 million to $160 million of pretax restructuring and related charges to be incurred in fiscal 2025 and 2026.

The company previously expected pretax restructuring and related charges of between $70 million and $90 million in connection with its fiscal 2025 restructuring plan.

Under Armour ( UAA ) said it has identified nearly $70 million of charges tied mainly to its decision to exit one of its primary distribution facilities in Rialto, California, by March 2026.

For fiscal 2025, the company now expects a loss of $0.58 to $0.61 per share, compared with $0.53 to $0.56 loss previously. It expects adjusted earnings at $0.19 to $0.22 per share. Analysts polled by Capital IQ are looking for $0.23.

The company's shares were down 2.9% in after-hours activity.

Price: 6.97, Change: -0.21, Percent Change: -2.92