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AS Amer Sports News Story

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Consumer CyclicalsAdventurousLarge CapHigh Flyer

Amer Sports beats Q2 revenue, adjusted EPS estimates; raises guidance

Overview

Amer Sports Q2 revenue rises 23%, beating analysts' expectations, per LSEG data

Adjusted EPS for Q2 beats estimates

Co raises full-year revenue, margin, and EPS guidance

Outlook

Amer Sports raises full-year revenue growth guidance to 20-21%

Company expects full-year gross margin of approximately 57.5%

Amer Sports sees third-quarter revenue growth of approximately 20%

Company forecasts full-year EPS between $0.77 and $0.82

Result Drivers

ARC’TERYX PERFORMANCE - Arc’teryx reported strong results across regions, channels, and categories, contributing significantly to revenue growth

SALOMON FOOTWEAR - Salomon footwear saw a 35% growth in the Outdoor Performance segment, continuing its acceleration

GOVERNMENT GRANTS - Adjusted operating profit increased 130% to $67 mln, aided by $19 mln in government grants, boosting the adjusted operating margin by 150 basis points

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$1.24 bln$1.18 bln (10 Analysts)
Q2 Adjusted EPSBeat$0.06$0.03 (10 Analysts)
Q2 EPS$0.03
Q2 Net Income$22.40 mln
Q2 Basic EPS$0.03
Q2 Gross Profit$722.90 mln
Q2 Operating Profit$43.70 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell" The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy" Wall Street's median 12-month price target for Amer Sports Inc is $43.00, about 12.8% above its August 18 closing price of $37.50 The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 32 three months ago Press Release: ID:nBwK43Dja (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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