Supply Chain Research

Under Armour reported 12% revenue growth for the fourth quarter, yet the outcome was 7% below analyst expectations. Company guidance for 2017 of 12% growth lagged the 25% the market had hoped for and the company’s stock price dropped by as much as 28%. Panjiva data for UA’s U.S. imports showed shipments increased 13% in the fourth quarter, as a result of a December spike, lagging competitor Skecher’s 20%. UA’s import growth may have slowed to 4% for the three months through January 26, though that may reflect a new U.S. manufacturing facility. The company, in common with its peers, faces...