Amer Sports Raises Guidance, Sees Little Tariff Impact
Leaving the gate with a strong start for the year, first quarter net income jumped to $138.1 million from $6.9 million, on revenue up 23% to $1,472.5 million from $1,192.5 million, and 26% higher constant currency. Results were positive across channels, geographies, and categories, led by direct-to-consumer and the APAC region. DTC increased 39% to $692.6 million, highlighted by Salomon footwear in Greater China and APAC. Wholesale grew 12% to $779.9 million, led by continued momentum from Arc’teryx. APAC sales jumped 49% to $156.9 million, with Greater China just behind at ... Log in to view full article.