Amer Sports Raises Guidance After Q2 Beat, Led by Arc’teryx

August 20, 2024

Amer Sports, Inc. raised its guidance. for 2024 after posting Q2 sales and earnings results that beat its expectations.

The freshly public Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 16 percent increase in sales in Q2 to $994 million. Net loss decreased 98 percent to $4 million, or 1 cent diluted loss per share. Adjusted net income increased 129 percent to $25 million, or 5 cents diluted earnings per share. Gross margin increased 220 basis points to 55.5 percent. FN