Investment Rating - The report upgrades the company's rating to "Buy" based on its strong performance and revised earnings forecasts [3][4] Core Views - The company's FY24Q2 revenue reached $990 million, up 18% YoY (constant currency), with adjusted net income of $25 million, a 129% YoY increase [1] - Functional apparel (Arc'teryx etc) grew 38% YoY to $400 million, driven by a 26% increase in Omni-comp channels [1] - Outdoor segment revenue increased 13% YoY to $300 million, with Salomon's soft goods and footwear performing well [1] - Ball & racquet sports segment grew 2% YoY to $280 million, with Wilson brand showing recovery and strong product pipeline for H2 [1] - The company raised its full-year revenue guidance to 15-17% growth (from mid-teens), with OPM expected to reach 10.5-11% [3] Regional Performance - Greater China revenue surged 54% YoY to $290 million in 24Q2 [2] - Asia Pacific (ex-Greater China) grew 45% YoY to $100 million [2] - Americas and EMEA regions both grew 1% YoY to $370 million and $230 million respectively [2] Channel Performance - DTC channel revenue increased 40% YoY to $450 million in 24Q2 [2] - Wholesale channel grew 2% YoY to $550 million [2] Financial Metrics - Adjusted gross margin improved 2 percentage points YoY to 55.8% in 24Q2 [2] - Adjusted OPM increased 0.5 percentage points YoY to 2.9% [2] - Functional apparel OPM improved 1.1 percentage points YoY to 14.2% [2] - Outdoor segment OPM increased 3.8 percentage points YoY to -2.1% [2] - Ball & racquet sports OPM decreased 1.6 percentage points YoY to 1.1% [2] Store Expansion - Functional apparel direct-operated stores increased by 29 to 203 as of June 30, 2024 [2] - Outdoor segment stores grew by 49 to 162 [2] - Ball & racquet sports stores increased by 14 to 26 [2] Future Outlook - Functional apparel expected to grow over 30% in FY24 (up from previous 25% guidance) with OPM slightly above 20% [3] - Outdoor segment projected to grow mid-to-high single digits with high single-digit OPM [3] - Ball & racquet sports expected to grow low-to-mid single digits with low-to-mid single-digit OPM [3] - Q3 2024 guidance: revenue growth of 12-13%, OPM of 11-12%, and gross margin of 54% [3] Earnings Forecast - Revised FY24-26 revenue estimates: $5.1 billion, $5.8 billion, $6.7 billion (up from $5.03 billion, $5.66 billion, $6.38 billion) [3] - Projected net income for FY24-26: $170 million, $320 million, $440 million [3] - Estimated EPS for FY24-26: $0.35, $0.66, $0.90 [3]

Robert Way/iStock Editorial via Getty Images I published my initial thesis on Amer Sports (NYSE:AS) in March of this year. Back then, I argued that while the company has a wonderful collection of iconic brands, the stock price is simply too expensive. Since then, the stock was down almost 10%. Amer Sports reported Q2 2024 results on August 20th before the bell. Both revenue and earnings beat analyst estimates. Furthermore, management raised guidance for FY 2024. The stock soared more than 10% after earnings ...

Exhibit 99.2 AMER SPORTS, INC. UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS January - June 2024 | --- | --- | |---------------------------------|--------------------------------------| | | | | Domicile: | Cayman Islands | | Address: | Cricket Square, Hutchins Drive | | | P.O. Box 2681 | | | Grand Cayman KY1-1111 | | | Cayman Islands | | Entity registration number: | 358866 | 1 UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENT OF INCOME AND LOSS AND OTHER COMPREHENSIVE INCOME AND LOSS | --- ...

Amer Sports shares have surged by more than 20% in the last month. Many investors may not know the name Amer Sports (AS 9.64%), but they likely know the company's famous brands. Amer Sports owns iconic sports and outdoor brands including Wilson tennis rackets and footballs, Atomic and Salomon ski equipment, and Louisville Slugger baseball bats. The company may become more of a household name if it keeps up the performance it announced in the second-quarter report it released today. Strong financial performa ...

Amer Sports, Inc. (NYSE:AS) Q2 2024 Earnings Conference Call August 20, 2024 8:00 PM ET Company Participants Omar Saad - Vice President, Finance and Investor Relations James Zheng - Chief Executive Officer Andrew Page - Chief Financial Officer Stuart Haselden - Chief Executive Officer, Arc'teryx Conference Call Participants Brooke Roach - Goldman Sachs Matthew Boss - JPMorgan Paul Lejuez - Citigroup Jay Sole - UBS Ike Boruchow - Wells Fargo Laurent Vasilescu - BNP Paribas Lorraine Hutchinson - Bank of Ameri ...

[Table_Title] 技术服装引领增长，大中华区表现亮眼 亚玛芬体育（AS）2024 年 5 月 21 日发布 2024 年 Q1 业绩并更新 Q2 及全年指引：公司 2024 年 Q1 营收 11.83 亿美元，同比+13%；归母净 利润 510 万美元，同比-73%；营业利润 1.09 亿美元，同比-16%；调整 后 GPM 54.3%，同比+1.1pct；调整后营业利润 11.0%，同比-2.4pct； EPS 摊薄为 0.01 美元，上年同期为 0.05 美元。 市场数据 2024/05/24 大中华市场贡献显著，亚太地区表现优异。2024 年 Q1 亚玛芬体育 在 EMEA 地区营收 3.6 亿美元，同比+1%；美洲营收 4.1 亿美元， 较上年同期持平，其中技术服装部门的营收增长被球类运动部门和 户外性能部门业务的下降所抵消；大中华区营收 3.1 亿美元，同比 +51%；亚太（除大中华区）营收 1.0 亿美元，同比+34%。管理层 在 2024Q1 财报电话会上表示，中国体育行业趋势积极，消费者健 康意识增强且乐于参加户外运动，看好中国市场未来发展。 DTC 渠道营收 4.9 亿美元，同比 ...

申万宏源研究 上海市南京东路99号 | +86 21 2329 7818 www.swsresearch.com 简单金融 成就梦想 纺织服装|公司研究 2024 年 3 月 31 日 买入 首次覆盖 | --- | |----------------------| | | | | | 市场数据： 2024 年 | | 收盘价（美元） | | | | 纳斯达克指数 | | 52 周最高 / 最低价 | | 总市值（亿美元） | | 总股本（亿股） | 股价表现： 资料来源：Bloomberg 证券分析师 王立平 A0230511040052 wanglp@swsresearch.com 刘佩 A0230523070002 liupei@swsresearch.com 联系人 刘佩 A0230523070002 liupei@swsresearch.com 深耕户外运动市场，多品牌发力乘势而上 亚玛芬体育（AS.N） 亚玛芬为全球化体育用品集团，外延收购扩大业务版图，24 年业绩触底改善。公司通过持续的外延 收购形成今天多品牌的体育用品集团，目前旗下有包括始祖鸟、萨洛蒙等在内的 11 个品牌，覆盖 各类高端户外 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) For the fiscal year ended December 31, 2023 Commission File Number: 001-41943 Amer Sports, Inc. (Exact name of registrant as specified in its charter) N/A (Translation of Registrant's name into English) Cayman Islands (Jurisdiction of incorporation or organization) Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands Tel +1 345 945 3901 (Address of principal executive o ...

公司动态分析/Amer Sports 收入表现及拆分 2023 年 Amer Sports 收入同比增长 23%至 43.68 亿美元，其中 Q4 收入同比增长 10%至 13.15 亿美元。从招股书披露情况来看，公司在近年来保持高速增长态势，主要是旗下三大核心品 牌 Arc'teryx（始祖鸟）、Salomon（萨洛蒙）、Wilson（威尔胜）的快速扩张带动了整体业 绩的提升。 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------|-------|-------|-------|-------|-------|--------|------------------------------------------|-------|----------|----------|-------|-------|------------| | 50 \n40 \n元 30 美 单位 : 亿 20 \n10 \n0 ...

We will begin with prepared remarks from our CEO, James Zheng and CFO, Andrew Page, followed by a Q&A session until 9 A.M. Eastern. Our three segment leaders will also join for the Q&A portion of the call: CEO of ArcÂ'teryx, Stuart Haselden; CEO of Solomon, Franco Fogliato; and CEO of Wilson, Joe Dudy. Solomon continues to enjoy strong demand at retail. The brand performed well in both own retail and the partner stores, including DTC up a very strong double-digit with all regions and the format showing soli ...