Amer Sports Guides for High Teens Growth after Stellar Year
Amer finished a breakout year with a strong final quarter, in which profits soared nearly eightfold to $133.5 million from $17.1 million on 28% revenue growth (+26% CC) to $2,101.1 million from $1,635.5 million. Most of the gains came from direct-to-consumer, which soared 38% to $1,152.7 million with a +16% omni-comp, while wholesale improved 18% to $948.4 million. Americas sales increased 18% to $691.3 million, with North America accelerating in Q4, driven by Sportstyle. EMEA grew 21% to 596.2 million, but Asia was the most significant growth engine again this quarter, ... Log in to view full article.