Under Armour warns of hit to earnings due to supply chain challenges
Under Armour on Friday warned that higher transportation costs would squeeze its earnings in the current quarter, as the sportswear maker wrestles with COVID-19-led disruptions to its supply chain. Shares fell 8.1% to $18.40 as the company flagged reductions to its spring and summer order book due to supply constraints. Product availability has been a concern for Under Armour and...