Core Viewpoint - Amer Sports, Inc. has experienced a significant stock price increase of 72.4% over the past three months, outperforming the industry growth of 8.9% [1] Stock Price Performance - As of the latest close, Amer Sports' stock price is $19.33, nearing its 52-week high of $19.73 and well above its low of $10.11 [1] - The company has outperformed competitors such as American Outdoor Brands, Academy Sports and Outdoors, and Clarus Corporation, which saw declines of 2.2%, 5.9%, and 30% respectively in the same period [1] Business Update - CEO James Zheng highlighted a strong growth outlook for Greater China, with a revenue increase of over 60% year-over-year during Golden Week (Oct. 1-7, 2024) [3] - The outdoor segment has shown resilience, supported by government stimulus measures in China [4] Brand Performance - Arc'teryx has led growth with high margins, particularly in new categories like footwear and women's wear, showing strong omni-channel performance [5] - Salomon's footwear has gained momentum in Greater China, with the introduction of "Outdoor sneakers" appealing to younger consumers [6] - 27 new Salomon stores were opened in Greater China, aiming for a total of around 200 by the end of 2024 [6] Financial Guidance - Amer Sports raised its full-year revenue growth guidance to between 15% and 17% and expects gross margins to reach 54.5% [7] - Adjusted operating margins are forecasted to be at the higher end of the 10.5% to 11% range, with earnings per share projected between 40 cents and 44 cents [7] Valuation - The company is currently trading at a forward 12-month P/E ratio of 32.1, which is higher than the industry average of 24.33 and the S&P 500's ratio of 22.08 [9]
Amer Sports Up 72% in 3 Months: Is it Too Late to Buy the Stock?