Amer Sports Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 27% to $6.6B in 2025, led by Arc'teryx and Salomon, with strong double-digit growth across all segments and regions. 2026 guidance calls for 16%-18% revenue growth, 59% gross margin, and continued investment in brand expansion and retail.
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Q3 delivered 30% sales growth, margin expansion, and doubled adjusted EPS, led by Salomon, Arc'teryx, and Wilson. Raised 2025 guidance across all key metrics, with strong momentum in Asia-Pacific and China and robust D2C growth.
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Arc'teryx and its parent have doubled in size to $5B+ in five years, driven by DTC expansion, China growth, and a brand-direct model. The company targets $5B in Arc'teryx sales by 2030, with strong growth in women's, footwear, and Veilance, and aims for 50% of apparel revenue from circular products. Financial guidance calls for mid-teens CAGR and margin expansion, with balanced global growth.
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Q2 2025 saw 23% sales growth, margin expansion, and strong D2C momentum, led by Salomon and Arc'teryx. Full-year revenue and EPS guidance were raised, with negligible tariff impact expected. Technical apparel, outdoor performance, and ball and racket all posted double-digit growth.
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Q1 2025 saw 23% sales growth and significant margin expansion, led by Arc'teryx and Salomon, with strong DTC and China/APAC performance. Full-year guidance was raised for revenue and EPS, with tariff risks mitigated and robust momentum across all segments.
Fiscal Year 2024
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Q4 and FY 2024 saw record sales and margin expansion, led by Arc'teryx, Salomon, and Wilson, with strong growth across all regions and channels. 2025 guidance calls for 13%-15% revenue growth, continued margin expansion, and robust store openings, despite FX and tariff risks.
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Q3 delivered 17% sales growth and a 14.4% adjusted operating margin, led by Arc'teryx and strong D2C expansion. Full-year guidance was raised for revenue, gross margin, and EPS, with continued investment in growth and new store openings.
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Q2 delivered 16% sales growth and margin expansion, led by Arc'teryx and strong D2C momentum, with Greater China and APAC as key growth drivers. Full-year guidance was raised for sales, margins, and EPS, reflecting confidence in continued brand strength and disciplined inventory management.