Amer Sports Reports Strong Second Quarter Sales and Profit Growth
Amer Sports reported significant second-quarter sales and profit growth driven primarily by the performance of its Arc’teryx and Salomon brands. The company recorded a 339% increase in operating profit to $192 million, with adjusted operating profit rising 209% to $208 million. Net income surged from $22.4 million last year to $117 million this quarter, partly due to tariff refunds and related adjustments. CEO James Zheng highlighted strong double-digit growth across all segments, geographies, and channels, with particular success in Salomon Softgoods, Arc’teryx omni-comp, and Wilson Tennis 360. The company raised its full-year guidance for revenue growth (24%), gross margin (60.5%-61%), operating margin (14.2-14.5%), and adjusted diluted EPS ($1.27-$1.30). CFO Andrew Page emphasized the financial performance across all areas of the income statement, attributing success to strategic investments in key growth opportunities.
Topics: operating profit profit growth revenue guidance sales