- The layoffs will increase operational efficiencies and benefit its bottom line, the company said, raising its full-year profit guidance.
- Under Armour's restructuring plans can protect its business, making its bottom-line guidance "achievable," JPMorgan analysts said.
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Under Armour's next round of layoffs is protecting its business (UAA)
Under Armour announced Thursday that it would cut its workforce by 3%. The layoffs will increase operational efficiencies and finally benefit its bottom line, the company said.
Boxer Carlos Balderas poses for a portrait at the U.S. Olympic Committee Media Summit in Beverly Hills, Los Angeles, California.
Under Armour's according to JPMorgan analysts.
The sporting-apparel maker announced Thursday that it will
"For FY19 our $0.30 EPS estimate more/less matches the Street based on +4.0% revenue growth (below Street at +5.7%) with embedded +$70M EBIT dollar expansion inclusive of $75M+ restructuring savings outlined to date potentially proving conservative in our view," JPMorgan analysts said.
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