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Amer Sports Lifts Full-Year Outlook After First-Quarter Beat

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Amer Sports Lifts Full-Year Outlook After First-Quarter Beat

Amer Sports (AS) raised its full-year guidance on Tuesday after the Finnish sports equipment company reported better-than-expected first-quarter results.

The maker of Wilson tennis rackets and Salomon ski boots projects adjusted earnings of $1.18 to $1.23 a share in 2026, up from the prior forecast of $1.10 to $1.15. Revenue is expected to rise 20% to 22%, compared with the increase of 16% to 18% seen previously.

Analysts surveyed by FactSet expect non-GAAP EPS of $1.21 and sales of $7.77 billion.

"Given the momentum from our highest-margin Arc'teryx franchise, accelerating Salomon Softgoods growth, plus the solid foundation of our equipment franchises, we have the confidence to raise our 2026 sales, margin and EPS guidance," Chief Financial Officer Andrew Page said in a statement.

The company's shares rose 4.7% in Tuesday trading in New York. They have dropped 7.7% this year.

In the three months ended March 31, adjusted EPS rose to $0.38 from $0.27 a year earlier, topping Wall Street's $0.31 consensus. Revenue jumped 32% to $1.95 billion, ahead of expectations for $1.84 billion.

"The investments we have been making behind our biggest opportunities are paying off in terms of both sales growth and margin expansion," Page said.

Technical apparel revenue increased 33% to $885 million. Outdoor-performance sales rose 42% to $713.6 million, and ball-and-racquet revenue gained 13% to $346.9 million.

Technical apparel revenue in 2026 is expected to rise by 22% to 24%, up from the prior outlook for a gain of 18% to 20%, the company said. Estimates for the other two divisions were also boosted.

Amer Sports expects adjusted EPS of $0.08 to $0.10 in the second quarter on revenue growth of 22% to 24%. Analysts project non-GAAP EPS of $0.08 and sales of $1.49 billion.

Price: $34.65, Change: $+1.50, Percent Change: +4.52%

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