Core Insights - Amer Sports reported Q2 2025 revenue of $1.236 billion, a 23% year-over-year increase, and a net profit of $18.2 million, compared to a loss of $3.7 million in the same period last year, indicating a successful turnaround [1] - The company raised its full-year guidance, expecting a revenue growth of 20%-21% for FY 2025, driven by strong performance across its premium outdoor functional apparel brands [1] Business Segment Performance - The outdoor functional apparel segment achieved a revenue of $509 million in Q2, reflecting a 23% year-over-year growth, with Arc'teryx showing strong performance across all regions and channels [1] - Arc'teryx footwear was the fastest-growing category, with triple-digit growth last year, and the women's category also saw double-digit growth across all regions [1] - The mountain outdoor apparel and equipment segment grew by 35% to $414 million, primarily driven by the growth of Salomon footwear and apparel, with significant acceleration in all regions [2] - Salomon's direct-to-consumer (DTC) channel grew by 63%, supported by strong performance in the Greater China and Asia-Pacific regions [2] - The ball and racquet equipment segment grew by 11% to $314 million, led by the Wilson Tennis 360 strategy, with strong sales of the RF Classic series [2] Store Expansion and Strategy - Arc'teryx added a net of 7 stores in Q2 (12 opened, 5 closed), reflecting ongoing optimization of its store network quality and efficiency [3] - The company plans to add approximately 25 stores globally in 2025, focusing on high-quality locations, particularly in North America [3] - Salomon added 16 stores in the Greater China region, bringing the total to 234, with a potential to expand to hundreds of stores in the long term [3] - Wilson plans to open about 50 new Wilson Tennis 360 stores in China this year, indicating strong market performance [3]

Core Insights - Amer Sports reported strong Q2 2025 financial results, with revenue of $1.236 billion, a 23% year-over-year increase, and a net profit of $18.2 million, reversing a loss from the previous year [1] - The company’s CEO highlighted the robust growth driven by its premium outdoor functional apparel brands, despite facing high tariffs and macroeconomic uncertainties [1] Revenue Breakdown - The outdoor functional apparel segment, led by Arc'teryx, generated $509 million in revenue, reflecting a 23% year-over-year growth [1] - The Salomon footwear business emerged as a significant growth driver, with revenue increasing by 35% to $414 million, marking it as the fastest-growing segment [2] - The ball sports and racquet equipment segment saw an 11% revenue increase to $314 million, primarily driven by the Wilson Tennis360 strategy [2] Regional Performance - The Greater China region experienced a remarkable 42% revenue growth, reaching $410 million, attributed to successful brand positioning and market strategies [3] - The Asia-Pacific region reported a 45% increase in revenue to $155 million, while the Americas and EMEA regions saw growth of 6% and 18%, respectively [3] Future Outlook - Based on the strong Q2 performance, Amer Sports raised its full-year revenue guidance, expecting a growth of 20%-21% for FY2025 [4] - The CFO noted that the impact of tariffs on the ball sports segment is slightly higher than anticipated, but the overall effect on the company's performance is expected to be limited due to strategic responses [4]