U.S. sporting goods stock Under Armour (UAA.US) said restructuring costs will exceed expectations. The stock price fell 2.8% in after-market trading.

The company expects restructuring expenses before fiscal 2025 and 2026 to be between $0.14 billion and $0.16 billion, higher than the $70 million to $90 million forecast last month. The increase is based on the company's decision to exit a distribution center in California.

Under Armour fell 4.2% on Monday (9th) and 15% overall this year, but beat Nike and yoga apparel maker Lululemon (LULU.US), both down 27% and 50% respectively this year, hit by intense market competition and weak demand.