(Reuters) – Unter Armour Inc (NYSE:) Friday projected a lower full-year profit than Wall Street expectations as the sportswear manufacturer struggles with rising costs due to disruptions in supply chains and an impact on its business by renewed COVID-19 bans in China.

After the disappointing quarter, shares of Under Armour (NYSE) fell by 3% in premarket trades. This year, they lost 33%.

Although economies all over the world have been reopening, the rise in COVID-19-related infections in China and other parts of the globe has prompted governments to place stricter social controls once more, which is hurting retailers’ ability to sell.

Under Armour has suffered from it. In the quarter reported, they reported 14% less revenue in Asia-Pacific.

German sportswear manufacturer Adidas (OTC) cut its targets for 2022 on Friday, after experiencing a slump in quarterly sales due to the COVID-related restrictions in Greater China.

Refinitiv IBES data shows that Under Armour expects an adjusted profit range of 63 to 68 cents per shared for fiscal year 2023. That compares to analysts’ average estimation of 83 cents.

From $1.26billion in March 2011, net revenue rose to $1.30billion in the third quarter. According to Refinitiv, IBES, analysts expected a figure around $1.32 trillion.