Under Armour (UA) released a Q4 earnings report that beat expectations last Friday, but the good news was overshadowed by a gloomy outlook for the rest of the year. The sports apparel giant warned investors that it expects COVID-related supply chain disruptions to impact its spring and summer orders.

Adjusted earnings came in at 14 cents per share, up 16.7% from the same period last year and double what Wall Street was expecting. Group revenues rose 9% to $1.5b, beating the consensus estimate of $1.47b.

Looking into the rest of 2022, Under Armour raised its projected revenue growth rate for its first fiscal quarter to “mid single-digit” from its prior forecast of “low single-digit”.