Amer Sports Q2 sales, profit surge on Arc’teryx, Salomon growth

In the second quarter, Amer Sports experienced a significant surge in sales and profits, driven by the growth of its Arc'teryx and Salomon brands. The company reported a 339% increase in operating profit to $192 million, with adjusted operating profit rising 209% to $208 million. Net income jumped to $117 million from $22.4 million in the previous year, including a $50.1 million benefit from tariff refunds, after accounting for the release of capitalised tariff costs, specific inventory reserves, and estimated reimbursements to vendors.

CEO James Zheng attributed the company's global momentum to a 30% revenue growth and strong operating margin expansion. Multiple segments, geographies, and channels contributed to the overall growth, with notable improvements in Salomon Softgoods, Arc'teryx omnichannel sales, and a boost in Wilson Tennis 360 performance.

Looking ahead, Amer Sports anticipates a 24% revenue growth for the full year, with gross margins ranging from 60.5% to 61% and operating margins between 14.2% and 14.5%. CFO Andrew Page highlighted the company's strong financial performance and the positive impact of its investments in the growth engines of Arc'teryx, Salomon Softgoods, and Wilson Tennis 360.

The company remains confident in its long-term growth potential, driven by the strength of its brands, effective execution by its teams, and favorable market demand trends.