Research analysts who have asked questions during Amer Sports earnings calls.
MB
Matthew Boss
JPMorgan Chase & Co.
7 questions for AS
Also covers: , AEO, ANF +38 more
BR
Brooke Roach
Goldman Sachs Group, Inc.
6 questions for AS
Also covers: , BURL, CPRI +23 more
JS
Jay Sole
UBS
6 questions for AS
Also covers: , AEO, BBWI +27 more
PL
Paul Lejuez
Citigroup
6 questions for AS
Also covers: , ACI, AEO +36 more
JK
Jonathan Komp
Robert W. Baird & Co.
5 questions for AS
Also covers: BOOT, COLM, CROX +11 more
LV
Laurent Vasilescu
BNP Paribas S.A.
5 questions for AS
Also covers: BIRK, CLAR, COLM +9 more
MB
Michael Binetti
Evercore ISI
5 questions for AS
Also covers: , BIRK, FL +16 more
Alex Straton
Morgan Stanley
4 questions for AS
Also covers: AEO, ANF, BBWI +17 more
John Kernan
Cowen Inc.
3 questions for AS
Also covers: , ASO, BURL +15 more
Lorraine Hutchinson
Bank of America
3 questions for AS
Also covers: BBWI, BIRK, BURL +18 more
Anna Andreeva
Piper Sandler
2 questions for AS
Also covers: BIRK, CHWY, CROX +9 more
IB
Ike Boruchow
Wells Fargo
2 questions for AS
Also covers: BBWI, BURL, CPRI +18 more
LM
Lorraine Maikis
Bank of America
2 questions for AS
Also covers: , BBWI, BURL +9 more
Recent press releases and 8-K filings for AS.
Amer Sports Reports Strong Q3 2025 Revenue and Earnings Growth, Completes Acquisition
AS
Earnings
Revenue Acceleration/Inflection
M&A
- Amer Sports reported a 29.7% increase in revenue for the three months ended September 30, 2025, reaching $1,756.3 million, and a 25.9% increase for the nine months ended September 30, 2025, totaling $4,465.1 million.
- This revenue growth was primarily driven by the Direct-to-Consumer (DTC) channel, which saw increases of 50.6% for the three months and 43.4% for the nine months ended September 30, 2025, alongside strong performance in the Technical Apparel and Outdoor Performance segments.
- Net income for the three months ended September 30, 2025, was $146.4 million (basic EPS of $0.26), and for the nine months ended September 30, 2025, it was $306.9 million (basic EPS of $0.53).
- Net cash flows from operating activities significantly improved to $104.4 million for the nine months ended September 30, 2025, compared to $17.9 million in the prior year period.
- On September 1, 2025, the company completed the acquisition of Nelson Sports Inc., a Korean distributor, for a total purchase consideration of $65.4 million, aiming to advance vertical integration in the Korean market.
Nov 18, 2025, 9:17 PM
Amer Sports Reports Strong Q3 2025 Results and Raises Full-Year Guidance
AS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Amer Sports reported strong third-quarter fiscal year 2025 results, with 30% reported sales growth and 130 basis points of adjusted operating margin expansion, leading to a more than doubling of adjusted diluted earnings per share to $0.33.
- All three segments performed well, with Technical Apparel revenue increasing 31% to $683 million and Outdoor Performance revenue increasing 36% to $724 million. Direct-to-consumer sales were a significant driver, growing 51%.
- The company raised its full-year 2025 guidance, now expecting revenue growth of 23-24% (up from 20-21%), an adjusted gross margin of approximately 58% (up from ~57.5%), and an adjusted operating margin of 12.5-12.7% (up from 11.8-12.2%).
- Key operational highlights include Arc'teryx's direct-to-consumer omnichannel re-accelerating to 27% and strong growth in women's (40%) and footwear (35%). Salomon footwear continues its global momentum, with significant store expansion in Greater China and Asia-Pacific.
Nov 18, 2025, 1:00 PM
AS Announces Strong Q3 2025 Results Exceeding Guidance
AS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- AS reported strong Q3 2025 results, with revenues, adjusted margins, and EPS above guidance.
- Revenue increased 30% to $1,756 million in Q3 2025.
- The company achieved an adjusted gross margin of 57.9% and an adjusted operating margin of 15.7% in Q3 2025.
- Adjusted diluted EPS was $0.33 for Q3 2025.
- For the full year 2025, AS expects reported revenue growth of 23-24% and fully diluted EPS of $0.88-$0.92.
Nov 18, 2025, 1:00 PM
Amer Sports Reports Strong Q3 2025 Results and Raises Full-Year Guidance
AS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Amer Sports reported strong financial results for Q3 2025, with 30% reported sales growth (or 28% ex-currency) and an adjusted operating margin of 15.7%, representing a 130 basis point increase year-over-year. Adjusted diluted earnings per share more than doubled to $0.33.
- The company raised its full-year 2025 guidance, now expecting revenue growth of 23-24% (up from 20-21%), adjusted gross margin of approximately 58% (up from 57.5%), and adjusted operating margin of 12.5-12.7% (up from 11.8-12.2%).
- All three segments performed well in Q3 2025, with technical apparel revenues increasing 31% to $683 million, led by Arc'teryx, and outdoor performance leading group sales. Direct-to-consumer (DTC) sales grew 51%, and all four regions achieved double-digit revenue growth, with Asia-Pacific up 54% and China up 47%.
- Arc'teryx's omni-comp reaccelerated to 27% in Q3 2025 from 15% in Q2, and Salomon footwear continues to be a strong driver of profitable growth. The company expressed confidence in delivering mid-teens revenue growth for 2026.
- Regarding the September fireworks incident, Arc'teryx China's sales trends were softer at the beginning of Q4 but have since rebounded, and the incident did not impact Q4 guidance.
Nov 18, 2025, 1:00 PM
Amer Sports Reports Strong Q3 2025 Results and Raises Full-Year Guidance
AS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Amer Sports reported strong Q3 2025 results, with 30% reported sales growth and adjusted diluted EPS more than doubling to $0.33.
- Performance was driven by the Outdoor Performance and Technical Apparel segments, with direct-to-consumer (DTC) sales growing 51% and significant regional growth in Asia-Pacific (54%) and China (47%).
- The company raised its full-year 2025 guidance, now expecting revenue growth of 23-24%, an adjusted operating margin of 12.5-12.7%, and adjusted diluted EPS of $0.88-$0.92.
- Key brand highlights include Arc'teryx's continued strong growth and planned 25 net new stores for the full year, along with the acquisition of its Korea distributor, expected to add $25 million in Q4 sales.
Nov 18, 2025, 1:00 PM
Amer Sports Reports Strong Q3 2025 Financial Results and Raises Full-Year Guidance
AS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Amer Sports reported Q3 2025 revenue of $1,756 million, representing a 30% increase compared to the third quarter of 2024.
- Diluted earnings per share (EPS) for Q3 2025 was $0.25, with adjusted diluted EPS at $0.33.
- The company raised its full-year 2025 guidance, now expecting reported revenue growth of 23% – 24%, an operating margin of 12.5% – 12.7%, and fully diluted EPS of $0.88 – $0.92.
- All four regions accelerated in Q3 and achieved double-digit revenue growth, with Greater China growing 47%.
Nov 17, 2025, 11:50 PM
Amer Sports Provides Strong Q3 2025 Outlook and Updates Long-Term Financial Goals
AS
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Amer Sports anticipates a strong third quarter result for 2025, with reported revenue growth in the high 20s% (versus previous guidance of approximately 20%) and adjusted operating margin at or above the high end of the 12%-13% range.
- The company expects to deliver an annual revenue CAGR in low double digits to mid-teens and annual operating margin expansion of 20 to 60 basis points over the next five years.
- Key growth drivers include the direct-to-consumer (D2C) channel, which now represents approximately 50% of the business (up from 15% in 2020), and significant expansion in the China market, which accounted for one-quarter of group sales by the end of 2024.
- Arc'teryx, a flagship brand, is projected to reach $2 billion in 2024 and plans to add over 2,000 wholesale doors globally over the next five years, with a focus on categories like women's, footwear, and Veilance.
- Amer Sports has significantly reduced its net debt from $5.8 billion pre-IPO to an expected $650 million by the end of 2025, improving its leverage ratio from over five times to approximately half a turn.
Sep 18, 2025, 4:00 PM
Amer Sports Outlines Strong Financial Performance and Ambitious Growth Targets for Arc'teryx
AS
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Amer Sports has achieved a significant financial turnaround, with operating profit nearly tripling from $271 million in 2021 to approximately $750 million in 2025, and net debt reduced from $5.8 billion pre-IPO to ~$650 million by the end of 2025. The company expects annual revenue CAGR in the low double digits to mid-teens and adjusted operating margin expansion of 30-70 basis points or more.
- Arc'teryx aims to reach $5 billion in top-line sales by 2030, representing a mid-teens annual CAGR. The brand has seen its revenue grow almost 5X from $0.5 billion in 2019 to $2.5 billion in 2025, with DTC mix more than doubling from 30% to 75% in the same period.
- The China market is a key growth driver, with Amer Sports' business there now 10 times larger than in 2019, and Arc'teryx becoming the number one outdoor brand in China since 2024. Arc'teryx expects its China business to approach $2 billion in revenue by 2030, with stores generating over $10 million per unit and a 50% four-wall profit.
- Arc'teryx is prioritizing high-growth categories, with footwear projected to increase its contribution to total revenue from 8% to 13% annually, and Veilance from 5% to 7% mix by 2030. The women's business is expected to reach approximately 30% of total business by 2030.
Sep 18, 2025, 4:00 PM
Amer Sports Outlines Ambitious Growth and Profitability Targets at Investor Day 2025
AS
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Amer Sports expects group revenues to eclipse $6 billion in 2025, representing a nearly 20% CAGR over the period, with operating profit dollars nearly tripling from $271 million in 2021 to approximately $750 million in 2025. The company projects EPS of $0.77-$0.82 for 2025 and $2.50+ by 2030.
- Arc'teryx has seen its revenue grow almost 5X from $0.5 billion in 2019 to $2.5 billion in 2025, with its direct-to-consumer (DTC) mix expected to be three-quarters of the business in 2025. The brand targets $5 billion in revenue by 2030.
- Arc'teryx plans to double its store count from approximately 150 to over 300 by 2030 globally, with a potential for 500-600 stores long-term. It also expects to grow its North America wholesale door footprint from ~730 to over 1,000 premium doors in 2030.
- Key growth categories for Arc'teryx include footwear, Veilance, and women's, which are expected to grow faster than the company average. Women's is projected to be 30% of the total business by 2030, while footwear is expected to grow from 8% to 13% of the mix by 2030, and Veilance from 5% to 7% by 2030.
- Amer Sports anticipates annual operating margin expansion of 20-60 basis points over the next five years, driven by regional and channel mix shifts, category mix shifts, and cost efficiencies.
Sep 18, 2025, 4:00 PM
Amer Sports Highlights Strong Growth and Sets Ambitious Long-Term Financial Goals
AS
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Amer Sports expects to deliver strong third-quarter results and has more than doubled its business size to over US$5 billion in 2024, with group revenues projected to exceed US$6 billion in 2025.
- The company's direct-to-consumer (DTC) channels now represent approximately 50% of the business, a significant increase from 15% in 2020.
- Arcterix, a flagship brand, grew its revenue from $500 million in 2019 to $2.5 billion in 2025, with its DTC mix more than doubling from 30% to 75% in the same period.
- Arcterix aims to reach $5 billion in top-line sales by FY2030, driven by a mid-teens CAGR in revenue and annual operating margin expansion of 20 to 60 basis points.
- The company projects an EPS of $2.5+ by FY2030 for the group.
Sep 18, 2025, 4:00 PM
Quarterly earnings call transcripts for Amer Sports.
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