Amer Sports revenue surges 32% on strong outdoor, apparel demand
Amer Sports (NYSE:AS) reported a 32% surge in first-quarter revenue, comfortably outpacing expectations as consumer demand accelerated for its premium technical outerwear and winter-sports gear.
The Helsinki-founded company, parent to brands including Arc’teryx, Salomon, and Wilson, generated $1,945 million in revenue for the three months ended March 31, 2026.
On a constant-currency basis, revenue increased 26% year-over-year.
The growth was led by the company's Outdoor Performance segment, which expanded 42% to $714 million, or 33% in constant currency.
The Technical Apparel division, anchored by the Arc’teryx brand, posted a 33% increase to $885 million, supported by an omni-channel comparable sales growth rate of 19%.
Revenue from the Ball & Racquet Sports segment rose 13% to $347 million.
Profitability indicators also strengthened.
Amer Sports' gross margin widened by 210 basis points to 59.9%, while its adjusted gross margin climbed 200 basis points to 60%.
Operating profit jumped 50% to $321 million, raising the company's operating margin by 200 basis points to 16.5%.
On an adjusted basis, operating margin hit 17.4%.
Segment margins diverged, however, as Technical Apparel rose to 26.4% and Outdoor Performance grew to 20.4%, while Ball & Racquet Sports margins contracted 370 basis points to 3.6%.
Selling, general, and administrative (SG&A) expenses increased 33% to $856 million, while adjusted SG&A rose 34% to $841 million to support broader retail operations.
Net income attributable to equity holders advanced 22% to $165 million, translating to diluted earnings per share of $0.29.
Adjusted net income spiked 47% to $218 million, yielding adjusted diluted earnings per share of $0.38, compared to consensus estimates of $0.31 per share.
Meanwhile, Amer Sports closed the first quarter with an inventory position of $1,688 million, representing a 33% increase year-over-year.
The company's cash and cash equivalents stood at $684 million, with a net cash position of $539 million at the end of the quarter.
