Amer Sports Earnings Call Transcripts
Fiscal Year 2026
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A five-year plan targets $3 billion in revenue by 2028, driven by Sportstyle expansion, omnichannel growth, and regional acceleration in China, APAC, and North America. Financials show a 23% CAGR and doubled operating margin, with continued investment in innovation, marketing, and talent to sustain broad-based, profitable growth.
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Q2 2026 saw 32% sales growth, margin expansion, and record D2C revenue share, led by Arc'teryx, Salomon, and Wilson Tennis 360. Guidance for 2026 was raised across revenue, margin, and EPS, with strong momentum in Asia and the Americas.
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Q1 delivered 32% sales growth, margin expansion, and strong double-digit gains across all regions, led by Arc'teryx, Salomon, and Wilson. Raised 2026 guidance for revenue, margins, and EPS, with continued momentum and robust store expansion plans.
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 since 2019, driven by DTC expansion, innovation, and strong growth in China. The brand targets $5B in sales by 2030, with women's, footwear, and Veilance as key growth drivers, and aims for 50% of apparel revenue from circular business models by 2030.
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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, driven by strong DTC and premium brand momentum, especially in technical apparel and outdoor performance. Full-year guidance was raised for revenue and EPS, with tariff risks mitigated and robust growth expected across all segments.
Fiscal Year 2024
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Q4 and FY2024 saw record revenue and margin expansion, led by Arc'teryx and strong D2C growth. 2025 guidance calls for 13%-15% revenue growth, margin expansion, and continued investment in store expansion and infrastructure, with FX and tariffs as key 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.