Amer Sports revenue increases 32% to $1.63 billion
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- Amer Sports posted a 32% increase in second-quarter revenue to $1,633 million.
- The company recorded a 339% jump in operating profit to $192 million.
- Management stated the growth was driven by double-digit sales increases across all three operating segments.
Amer Sports (NYSE:AS) reported a 32% increase in second-quarter revenue to $1,633 million across its global operations.
This revenue growth reflects strong year-over-year gains, pushing net income up 489% to $107 million.
The operating profit expanded 339% to $192 million, heavily aided by a $50.1 million benefit from net tariff refunds.
Technical Apparel sales increased to $674 million, while Outdoor Performance reached $569 million and Ball & Racquet Sports added $390 million.
Gross margin increased 710 basis points to 65.6%, and total administrative expenses rose 30% to $909 million.
The company closed the quarter with $720 million in cash and a 19% inventory increase to $1,897 million.
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