Overview
Amer Sports Q3 revenue increased 30% to $1,756 mln, beating analyst expectations
Adjusted operating profit for Q3 rose 41%, driven by segment growth
Company raises full-year revenue, margin, and EPS guidance
Outlook
Amer Sports raises 2025 revenue growth guidance to 23%-24%
Company expects 2025 gross margin of approximately 58%
Amer Sports anticipates 2026 revenue growth towards high-end of low-double-digit to mid-teens
Result Drivers
TECHNICAL APPAREL - Revenue increased 31% due to omni-comp growth and broad-based strength across regions and channels
OUTDOOR PERFORMANCE - Segment grew 36% driven by Salomon footwear and Winter Sports Equipment
BALL & RACQUET SPORTS - Segment grew 16% led by Wilson Tennis 360
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.76 bln
$1.63 bln (11 Analysts)
Q3 EPS
$0.25
Q3 Net Income
$146.40 mln
Q3 Basic EPS
$0.26
Q3 Gross Profit
$998.20 mln
Q3 Operating Profit
$215.90 mln
Q3 Pretax Profit
$197.70 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 3 "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 $45.00, about 31.6% above its November 17 closing price of $30.76
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 42 three months ago
Press Release: ID:nBw3p6t3Za
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(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.)