Amer Sports(US:AS) Di Yi Cai Jing Zi Xun·2025-09-24 15:01Core Viewpoint - The controversy surrounding Arc'teryx's "fireworks show" has led to significant criticism and skepticism regarding the company's environmental claims, impacting its parent company, Amer Sports, in the capital market [2] Group 1: Stock Performance - On September 22, Amer Sports' stock (AS.US) fell nearly 10% in pre-market trading, closing at $35.27, down 5.82% from the previous trading day, and continued to decline by 2.75% to $34.30 on September 23 [3] - Despite recent stock fluctuations, Amer Sports' stock price has more than doubled since its IPO at $13 per share last year, benefiting from performance growth [3] - Major shareholders, including Fountain Capital and Chip Wilson, have begun to cash out, with Fountain Capital selling 35 million shares for approximately $1.3 billion and still holding 6.2% of the company, while Chip Wilson sold over 4 million shares for about $159.7 million, retaining around 18% of the stock [3] Group 2: Analyst Reactions - Following the negative publicity from the fireworks incident, Citigroup lowered its target price for Amer Sports from $50 to $42, noting that the negative sentiment primarily affects the Arc'teryx brand rather than the company's other affiliated brands [3] Group 3: Product Quality Concerns - Arc'teryx has seen continuous price increases over the past few years, with significant hikes noted in Japan, where prices rose by up to 25% in 2023 [5][4] - There has been a growing number of complaints regarding product quality, with over 3,000 related search results on consumer complaint platforms, highlighting issues such as shoe delamination, jacket pilling, and logo detachment [8] - Specific consumer experiences indicate that products have quality issues, such as a pair of hiking shoes developing delamination within a week and jackets showing signs of damage after limited use, suggesting a need for improvement in quality control and customer service [10][11]