Amer Sports Inc. reported second-quarter results that exceeded expectations, prompting the company to raise its full-year 2026 outlook. The sports apparel and equipment manufacturer posted net income of $107.2 million, or 18 cents per diluted share, compared with $18.2 million, or 3 cents, in the comparable year-ago period. Revenue increased to $1.63 billion from $1.24 billion, representing growth of 32.1 percent. The results included a benefit of $50.1 million from tariff refunds, net of related costs and vendor reimbursements.
Performance was strong across all three major business divisions. Technical apparel revenue grew 32 percent to $674 million, with Arc’teryx driving broad-based gains. The outdoor performance segment increased 37 percent to $569 million, bolstered by particularly strong results in Salomon Softgoods. The Ball and Racquet business rose 24 percent to $390 million, led by growth in Wilson Tennis 360. Gross margin expanded by 710 basis points to 65.6 percent, while operating margin increased 820 basis points to 11.7 percent.
Management attributed the strong momentum to the company’s focus on key growth initiatives and consumer demand for health and wellness products. Chief Financial Officer Andrew Page noted that investments in Arc’teryx, Salomon Softgoods, and Wilson Tennis 360 were producing results and would continue to receive reinvestment. For the full year 2026, the company raised its revenue growth guidance to 24 percent, with diluted earnings per share projected between $1.27 and $1.30. Third-quarter guidance called for revenue growth of 18 to 20 percent with diluted EPS of 31 to 33 cents, assuming current tariff rates remain in effect through year-end.
Article Attribution | Read More at Article Source
Article summary produced by Claude AI