Under Armour, despite all its efforts to reshape and fortify its premium-focused business since a 2020 restructuring under president and CEO Patrik Frisk, is facing short-term issues that will impact its sales, profitability, and margins for much of 2022. The company started a new fiscal year, FY23, on Apr. 1 and is forecasting the first half to be heavily impacted by order cancellations, higher freight costs and supply chain delays.

UA’s current outlook for the 12 months ending Mar. 31, 2023, calls for 5% to 7% revenue expansion from the $5.7 billion recorded in the comparable year-ago period. The forecast includes ... Log in to view full article.