Amer Sports Reports Strong Q2 Earnings with Revenue Growth Across All Segments
Amer Sports reported second-quarter revenue of $1.63 billion, a 32.1% increase year-over-year driven by strong performance across all business segments and geographies. The company's direct-to-consumer (DTC) sales rose to $896.8 million, accounting for 55% of total group revenue with growth at 39.9%. Arc'teryx led the Technical Apparel segment with a 17% omnichannel contribution while Salomon delivered momentum in footwear and apparel within Outdoor Performance. The company raised its full-year guidance to approximately 24% revenue growth, up from an earlier range of 20-22%, and expects adjusted EPS between $1.27-$1.30 for the year. Adjusted operating margin expanded significantly due to gross margin gains and favorable regional mix in several segments. Despite strong results, management noted that Ball & Racquet Sports' growth was partly driven by one-time product launches and may normalize later this year.
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Topics: adjusted gross margin DTC performance geographic revenue breakdown growth revenue