Amer Sports, Inc. (NYSE:AS) enters its second-quarter report with a tougher problem than weak demand: clearing a bar it raised itself. First-quarter revenue climbed 32% to $1.945 billion, while Technical Apparel grew 33% and Outdoor Performance surged 42%. The strength prompted management to lift its 2026 revenue-growth outlook to 20% to 22% and adjusted EPS guidance to $1.18 to $1.23. For the second quarter, consensus estimates call for roughly $1.54 billion in revenue and adjusted EPS of $0.11. For Amer Sports, Inc. (NYSE:AS), simply delivering another solid quarter may not be enough. The report will test whether Arc'teryx and Salomon can maintain premium growth and support another guidance increase.
Amer Sports, Inc. (NYSE:AS) delivered more than headline growth in the first quarter. Direct-to-consumer revenue rose nearly 45% and represented about half of total sales. Adjusted gross margin expanded 200 basis points to 60%, while adjusted operating margin improved 160 basis points to 17.4%. Technical Apparel's adjusted operating margin reached 26.4%, and Outdoor Performance's margin climbed to 20.4%.
The breadth also helped Amer Sports, Inc. (NYSE:AS) make a stronger case that its momentum is durable. Revenue increased 44.5% in Greater China, 26.6% in Europe, the Middle East and Africa, and 18.1% in the Americas. That mix shows the story is broader than one geography, even though China remains a major growth engine.
The bull case for Amer Sports, Inc. (NYSE:AS) rests on premium brands growing through several channels at once. Technical Apparel direct-to-consumer revenue, led by Arc'teryx, rose 40.8%, while Outdoor Performance direct-to-consumer revenue, led by Salomon, increased 56.9%. Technical Apparel omni-comp rose 18.5%, while Outdoor Performance omni-comp increased 28.8%, suggesting growth was not purely driven by new-store expansion.
Arc'teryx owned retail stores increased from 176 to 257, with the increase including 46 acquired stores in Korea. Salomon's owned retail store count rose 40.2% from 241 to 338. More stores, strong digital demand and premium pricing can continue lifting sales while supporting margins, particularly if footwear and apparel become larger parts of the mix.
#revenue #quarter #apparel #Growth
Amer Sports, Inc. (NYSE:AS) delivered more than headline growth in the first quarter. Direct-to-consumer revenue rose nearly 45% and represented about half of total sales. Adjusted gross margin expanded 200 basis points to 60%, while adjusted operating margin improved 160 basis points to 17.4%. Technical Apparel's adjusted operating margin reached 26.4%, and Outdoor Performance's margin climbed to 20.4%.
The breadth also helped Amer Sports, Inc. (NYSE:AS) make a stronger case that its momentum is durable. Revenue increased 44.5% in Greater China, 26.6% in Europe, the Middle East and Africa, and 18.1% in the Americas. That mix shows the story is broader than one geography, even though China remains a major growth engine.
The bull case for Amer Sports, Inc. (NYSE:AS) rests on premium brands growing through several channels at once. Technical Apparel direct-to-consumer revenue, led by Arc'teryx, rose 40.8%, while Outdoor Performance direct-to-consumer revenue, led by Salomon, increased 56.9%. Technical Apparel omni-comp rose 18.5%, while Outdoor Performance omni-comp increased 28.8%, suggesting growth was not purely driven by new-store expansion.
Arc'teryx owned retail stores increased from 176 to 257, with the increase including 46 acquired stores in Korea. Salomon's owned retail store count rose 40.2% from 241 to 338. More stores, strong digital demand and premium pricing can continue lifting sales while supporting margins, particularly if footwear and apparel become larger parts of the mix.
#revenue #quarter #apparel #Growth
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