Amer Sports, Inc. (NYSE:AS) reported second-quarter results on Tuesday that surpassed analyst expectations, posting adjusted earnings per share of $0.06, well above the predicted -$0.02. Revenue climbed 23% to $1.24 billion, fueled by strong sales across its premium sports and outdoor brands.
Shares slipped 2.29% in pre-market trading following the announcement.
Revenue from Technical Apparel rose 23% to $509 million, while Outdoor Performance jumped 35% to $414 million, driven by accelerating sales of Salomon footwear. Ball & Racquet Sports revenue increased 11% to $314 million, and gross margin improved by 270 basis points to 58.5%.
“Amer Sports’ strong momentum continued in the second quarter, as our unique portfolio of premium technical brands continues to create white space and take share in sports and outdoor markets around the world,” said CEO James Zheng.
Despite facing higher U.S. tariffs on imports from China, the company lifted its full-year guidance, now anticipating revenue growth of 20-21% and adjusted EPS of $0.77-$0.82, slightly above the analyst consensus of $0.78.
For Q3, Amer Sports expects roughly 20% revenue growth and adjusted EPS of $0.20-$0.22, in line with analyst forecasts of $0.21.
CFO Andrew Page, recently appointed interim CEO of Wilson following Joe Dudy’s departure, commented: “The inflection of Salomon footwear adds a strong second leg of growth to Arc’teryx’s already exceptional sales and margin trajectory, significantly elevating the long-term value creation potential of our portfolio.”
The company’s updated outlook assumes the current 30% incremental U.S. tariff on goods from China will remain in place for the rest of 2025, though management expressed confidence in their mitigation strategies.
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