Under Armour (UAA) shares popped intraday Thursday following the company's first-quarter fiscal 2025 results, its first since announcing a substantial restructuring plan.

The athletic apparel retailer said it has recognized $34 million of the estimated $70 to $90 million in charges related t🧔o the restructuring, with the remainder expected to occur in fiscal 2025. Notably, the process has incl𝐆uded a drawback in promotional material. 

CEO 'Encouraged by Early Progress' in Restructuring Process

"We are encouraged by early progress in our efforts to reconstitute a premium positioning for the Under Armour brand and pleased with our first quarter fiscal 2025 results that were ahead of expectations," 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Kevin Plank said.

Under Armour reported revenue of $1.18 billion, down 10% year-over-year but above analysts' expectations of $1.14 billion, per Visible Alpha. North America revenue decreased 14% to $709.3 million. 

It posted a per-share loss of 70 cents, far wider than expectations of a loss of 27 cents per share. However, the company posted an adjusted profit of 1 cent per s൲hare, while analysts expected an ad🔯justed loss of 8 cents per share. 

Under Armour said it expects fiscal 2025 revenue to fall at a low double-digit percentage rate, in line with expectations. It sees earnings swinging to a loss between 53 cents and 56 cents per ౠshare, far wider than expectations of a 4-cent loss per share, and an adjusted per-share profit of 19 cents to 22 cents, in line with expectations of 20 cents. 

Shares of Under Armour surged nearly 20% to $7.74 as of 12:10 p.m. ET Thursday. Still, they are down about 12% in 2024.