亚玛芬体育2025年Q3业绩强劲，上调全年营收指引

Financial Performance - The company reported strong Q3 2025 results with revenue reaching $1.756 billion, a 30% year-over-year increase, and adjusted net profit soaring 161% to $185 million [2] - Revenue from the Greater China region grew by 47%, while the outdoor performance segment's revenue increased by 36% to $724 million [2] - The adjusted gross margin improved to 57.9%, positioning the company at an industry-leading level [2] - The full-year guidance for 2025 has been raised, with expected revenue growth of 23%-24% (previously 20%-21%), translating to a revenue range of $6.37 billion to $6.42 billion [2] - The adjusted gross margin target is approximately 58%, with operating profit margin expectations of 12.5%-12.7% [2] Strategic Initiatives - The company aims for long-term revenue growth to reach the high end of its target range (low double digits to mid-teens) by 2026, with adjusted operating profit margins expanding by 30-70 basis points annually [3] - The confidence in sustainable profit growth is primarily driven by the global expansion of its brand portfolio, including Arc'teryx and Salomon [3] - The Salomon footwear business has emerged as a second growth engine, while Arc'teryx is accelerating its omnichannel strategy [3] - The company plans to enhance market share through product innovation, geographic expansion, and operational optimization, although specific 2026 events (such as new store openings or partnerships) have not been disclosed [3] Future Outlook - The company typically releases its annual performance report at the beginning of the year, with the 2025 full-year financial report expected to be announced soon, although the exact date is not specified [4] - The global outdoor sports market is experiencing steady growth, but factors such as currency fluctuations, geopolitical issues, and industry competition may impact future performance [4]