Amer Sports up after raising annual revenue forecast

Amer Sports

19/05/2026 11:45

** Shares of Wilson tennis racket maker Amer Sports AS.N up about 3% at $34.34 premarket

** Co raises annual revenue forecast, citing increase in Salomon softgoods growth

** Sees annual revenue growth in the range of 20% to 22%, compared with prior revenue growth forecast of 16% to 18%

** Revenue forecast assumes a 200-basis point to 250-basis point benefit from favorable current exchange rates

** Posts Q1 sales of $1.95 billion, beating analysts' estimate of $1.84 billion - data compiled by LSEG

** Logs Q1 adjusted EPS of 38 cents vs estimate of 30 cents

** As of last close, stock down 11% YTD

 (Reporting by Koyena Das from Bengaluru)

 ((Koyena.das@thomsonreuters.com))