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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.24 bln
$1.18 bln (10 Analysts)
Q2 Adjusted EPS
Beat
$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.)