'We think it's reasonable to expect industry-wide delays in terms of delivery around the world — including potentially missed shipment[s] and service windows,' CEO Patrik Frisk says.
Under Armour expects the coronavirus outbreak in China to lower sales by roughly $50 million to $60 million during the fiscal first quarter.
"We think it's reasonable to expect industry-wide delays in terms of delivery around the world — including potentially missed shipment[s] and service windows, and the need for increased air freight and additional measures at ports that could create unforeseen congestion," CEO Patrik Frisk told analysts Tuesday morning.
Factories in China continue to stay closed, he said, and timelines continue to change for when they might reopen.
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