Amer Sports Q2 2026 Earnings Call Summary
In its second-quarter earnings call for fiscal year 2026, Amer Sports reported strong performance driven by a record 55% direct-to-consumer revenue mix. Key growth was observed in the Technical Apparel segment with an omni-channel comp of 17%, and Outdoor Performance with a 28% increase. Arc'teryx is seeing success from its focus on women's products, while Salomon continues to evolve into a modern outdoor sneaker brand targeting urban audiences. The company raised full-year revenue guidance to approximately 24% growth due to momentum across all three primary brands: Arc'teryx, Salomon, and Wilson. Management is reinvesting gross margin gains in IT infrastructure, retail expansion, and brand-building for long-term sustainability rather than short-term profit maximization. The plan includes opening up to 35 new Arc'teryx stores globally and 45 new Salomon shops in Greater China. A one-time net tariff refund of $64.3 million positively impacted Q2 results by contributing 390 basis points to adjusted gross margin, though corporate expenses rose due to IT investments and personnel costs. Inventory levels normalized earlier than expected with a year-over-year growth of 19% compared to sales growth of 32%, indicating strong stock positions for the second half.
Topics: brand expansion growth strategy retail