Under Armour, Inc. provided earnings guidance for quarter ending March 31, 2022. For the period, Revenue is expected to increase at a mid-single-digit rate compared to the previous expectation of a low single-digit rate increase. This expectation includes approximately 10% points of headwinds related to reductions in spring-summer 2022 order book from supply constraints associated with ongoing COVID-19 pandemic impacts.

Operating income is expected to reach approximately $30 million to $35 million. Diluted earnings per share are expected to be $0.02 to $0.03.