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Amer Sports Raises Full-Year Outlook Following Second-Quarter Beat

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Amer Sports Raises Full-Year Outlook Following Second-Quarter Beat

Amer Sports (AS) lifted its full-year outlook on Tuesday as the Finnish sports equipment company reported second-quarter results above market estimates, buoyed by double-digit revenue growth across all of its segments.

The maker of Wilson tennis rackets and Salomon ski boots now anticipates adjusted earnings between $1.27 and $1.30 per share for 2026, up from its prior $1.18 to $1.23 range. The current consensus on FactSet is for non-GAAP EPS of $1.25.

Revenue is pegged to grow by roughly 24% for the year, compared with a 20% to 22% jump previously projected. The Street is looking for $8.01 billion, reflecting a year over year gain of 22%.

"The strong position of our brands, great execution by our teams, and healthy demand trends in the market, give us the confidence to raise our full year 2026 sales, margin and EPS guidance," Chief Financial Officer Andrew Page said in a statement.

Gross margin is pegged at 60.5% to 61%, up from the prior outlook of 59% to 59.5%.

Amer Sports' shares listed on the New York Stock Exchange gained 4.1% in Tuesday trade, although the stock has lost 9.2% so far this year.

In an emailed note last week, Truist Securities said Amer Sports was well positioned to outperform despite a tough operating environment amid its positioning in the outdoor performance market, exposure to higher-income customers and brand popularity.

For the three months through June, the company's adjusted EPS jumped to $0.22 from $0.06, exceeding the average analyst estimate on FactSet of $0.11. Revenue advanced 32% to $1.63 billion, topping the Street's view for $1.54 billion.

"All segments, geographies, and channels achieved strong double-digit growth led by another exceptional quarter from Salomon Softgoods, a strong Arc'teryx omni-comp, and a Wilson Tennis 360 acceleration," according to Chief Executive James Zheng.

Technical apparel revenue added 33% to $674.2 million, while outdoor-performance sales climbed 37% to $568.5 million. Revenue from the ball-and-racquet business grew 24%.

For the ongoing quarter, Amer Sports expects adjusted EPS of $0.31 to $0.33 on revenue growth of 18% to 20%. The Street is looking for EPS of $0.37 and sales of $2.06 billion, which reflects an annual increase of 17%.

Last week, athletic footwear company On Holding (ONON) tempered its full-year constant-currency sales outlook as its second-quarter revenue fell short of market estimates. In June, sportswear giant Nike (NKE) posted a year-over-year decline in its fiscal fourth-quarter revenue.

Price: $34.01, Change: $+1.44, Percent Change: +4.41%

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