股价大涨8.45%！始祖鸟母公司亚多芬体育第三季度业绩强劲 并上调2025财年指引

Core Insights - The core viewpoint of the article is that Amer Sports, the parent company of Arc'teryx, reported strong financial performance in Q3 2025, with significant revenue and profit growth, while also facing potential brand image challenges due to a controversial event [1][3]. Financial Performance - Amer Sports reported a 30% year-on-year revenue increase to $1.756 billion in Q3 2025, with adjusted net profit rising 161% to $185 million, and earnings per share doubling to $0.33, exceeding expectations by $0.08 [1][3]. - The adjusted gross margin expanded by 240 basis points to 57.9% [1][15]. Business Segments Highlights Technical Apparel - Revenue grew 31% to $683 million, driven by strong performance from the Arc'teryx brand, with direct-to-consumer (DTC) channel revenue up 46% [7][15]. - The women's product line saw a 40% increase, with plans to increase its share of global revenue from 25% in 2025 to 30% by 2030 [7][15]. - The company plans to open 20 new Arc'teryx stores in 2025, focusing on North America [8]. Outdoor Performance - Revenue increased 36% to $724 million, primarily driven by Salomon's footwear and apparel [10][15]. - DTC channel revenue surged 67%, with significant growth in the Asia-Pacific region [10][15]. - The adjusted operating margin improved by 420 basis points to 21.7% due to channel and product structure optimization [11][15]. Ball & Racquet - Revenue rose 16% to $350 million, with Wilson brand products driving growth [12][15]. - The company plans to open 35 new Tennis 360 stores in China by 2025, expanding its presence in the market [13]. Future Outlook - The company raised its revenue growth forecast for 2025 to 23%-24%, up from the initial 20%-21% guidance, projecting revenue between $6.37 billion and $6.42 billion [3][19]. - For 2026, the company anticipates revenue growth to reach the upper limit of its long-term growth range, with adjusted operating margins expected to expand by 30-70 basis points [20].