Under Armour has revised its fiscal 2025 restructuring plan, increasing its projected pre-tax restructuring expenses to $140-$160 million due to the closure of its Rialto, CA distribution center. While this will result in higher short-term costs, the company expects to emerge with a more agile and efficient business, ultimately driving long-term growth.
Under Armour has updated its restructuring plan for Fiscal 2025, increasing the expected pre-tax charges to $140-$160 million. The move reflects a strategic shift to optimize supply chain capabilities and improve overall business performance. The company also provided revised financial guidance for Fiscal 2025, anticipating an operating loss of $220-$240 million.
Boeing’s Chief Financial Officer, Brian West, will present at the Morgan Stanley Laguna Conference on September 13th. The presentation will cover Boeing’s financial outlook, market performance, and ongoing initiatives.
Lands’ End, Inc. (LE) exceeded analyst expectations for its second-quarter earnings, reporting a net revenue of $317.2 million and an adjusted loss per share of $0.02. The company also saw strong growth in gross profit and announced share buybacks and an updated financial outlook for the remainder of the year.
Baird has adjusted Texas Instruments’ (NASDAQ: TXN) financial outlook, increasing the semiconductor company’s price target to $175 from the previous $125. Despite this significant increase, Baird maintains a Neutral rating on the stock due to concerns about potential risks in the semiconductor industry, particularly around pricing dynamics. The firm acknowledges that inventory levels across the sector have hit record highs, but suggests that pricing may not be at immediate risk. Baird notes that the second quarter revenue guidance for Texas Instruments appears to be following normal seasonal trends, indicating some stabilization in end demand. However, the outlook for the second half of the year is critical, especially in terms of how it will impact inventory levels within the industry.
Cadence Design Systems’ shares plunged in extended trading after the company issued a weak outlook for its fiscal second quarter. Sales are projected between $1.03B and $1.05B, falling short of analysts’ estimates of $1.11B. Adjusted earnings are expected in the range of $1.20 to $1.24 per share, significantly below analysts’ expectations of $1.43 per share. Despite this, Cadence raised its full-year outlook with sales anticipated between $4.56B and $4.62B, an increase from its previous forecast. Adjusted earnings are also expected to be higher, ranging between $5.88 and $5.98 per share. Notably, Cadence’s revenue slipped 1% in the first quarter, but its adjusted earnings per share came in above analysts’ estimates.
