Core Insights - Amer Sports shares surged 18.1% following the release of first-quarter earnings, reflecting strong market performance [1] - The company has transformed from an industrial entity founded in 1950 to a global sports equipment leader, recently going public in early 2024 after being taken private in late 2018 [2] - Amer's revenue increased by 23% to $1.47 billion in the first quarter, with adjusted earnings per share nearly tripling to $0.27, surpassing analyst expectations [3] Financial Performance - The company raised its full-year 2025 guidance to a midpoint revenue growth of 16% and adjusted EPS around $0.70, up from previous guidance of 14% growth and $0.67 [3] - The impressive 23% revenue growth is notable in the current global economic climate, with management indicating the ability to offset tariff impacts through pricing strategies and supply chain adjustments [4] - The recovery of the China segment, which previously struggled, contributed significantly to growth, with a 43% increase last quarter, alongside low double-digit growth in North America and Europe [5] Profitability and Valuation - Amer's transition from near-break-even results a year ago to healthy profitability was aided by reduced interest expenses due to debt repayment from IPO proceeds [6] - The stock currently trades at approximately 50 times this year's earnings guidance, indicating a high valuation, but potential for rapid earnings growth if the company maintains its growth trajectory [6]

Core Insights - Amer Sports, Inc. reported a revenue of $1.47 billion for the quarter ended March 2025, reflecting a year-over-year increase of 24.5% and surpassing the Zacks Consensus Estimate by 6.88% [1] - The company's EPS for the quarter was $0.27, significantly higher than the $0.08 reported in the same quarter last year, resulting in an EPS surprise of 80.00% compared to the consensus estimate of $0.15 [1] Financial Performance - The stock of Amer Sports has shown a return of +44.9% over the past month, outperforming the Zacks S&P 500 composite, which increased by +13.1% [3] - The company currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3] Geographic Revenue Breakdown - EMEA revenue reached $404.90 million, exceeding the estimated $376.04 million, marking a year-over-year increase of +12.8% [4] - Asia Pacific revenue was reported at $156.90 million, surpassing the estimate of $152.72 million, with a significant year-over-year growth of +50.9% [4] - Greater China revenue was $446 million, exceeding the average estimate of $399.35 million, representing a +43.9% increase year-over-year [4] - Americas revenue totaled $464.70 million, above the estimated $440.88 million, reflecting a +13.3% change compared to the previous year [4] Segment Revenue Analysis - Technical Apparel segment revenue was $663.80 million, exceeding the average estimate of $637.72 million, with a year-over-year increase of +30.2% [4] - Outdoor Performance segment revenue reached $502.40 million, surpassing the estimate of $453.74 million, representing a +25.6% change year-over-year [4] - Direct-to-Consumer (DTC) channel revenue was reported at $692.60 million, exceeding the estimate of $626.77 million, with a +41.6% increase compared to the year-ago quarter [4] - Wholesale channel revenue was $779.90 million, above the estimated $751.97 million, reflecting a +12.4% year-over-year change [4] - Ball & Racquet Sports segment revenue was $306.30 million, exceeding the estimate of $287.29 million, with a +12.2% increase year-over-year [4] Adjusted Operating Profit - Adjusted Operating Profit for the Technical Apparel segment was $157.80 million, surpassing the average estimate of $146.17 million [4] - Adjusted Operating Profit for the Ball & Racquet Sports segment was reported at $20.20 million, exceeding the estimate of $14.33 million [4] - Adjusted Operating Profit for the Outdoor Performance segment reached $73.80 million, significantly higher than the average estimate of $27.12 million [4]

Amer Sports (AS) Q1 2025 Earnings Call May 20, 2025 08:00 AM ET Company Participants Omar Saad - Vice President of Finance & Investor RelationsJames Zheng - CEOAndrew Page - Chief Financial OfficerStuart Haselden - CEO of Arc'teryxBrooke Roach - Vice President - Equity ResearchChad Britnell - Equity Research Senior AssociateMichael Binetti - Senior Managing DirectorJay Sole - Managing DirectorPaul Lejuez - Managing Director Conference Call Participants Matt Boss - Equity Research AnalystLaurent Vasilescu - ...

Financial Data and Key Metrics Changes - Consolidated revenues for Q1 2025 were $1,090 million, a decrease of 5% year over year, primarily due to lower Topgolf same venue sales and unfavorable foreign currency rates [40] - Q1 adjusted EBITDA increased by 4% to $167 million, driven by improved profitability in the golf equipment and active lifestyle segments [40] - Available liquidity increased by $85 million to $805 million as of March 31, 2025, due to increased cash compared to Q1 2024 [43] Business Line Data and Key Metrics Changes - Topgolf Q1 revenue decreased by 7% year over year, attributed to lower same venue sales and the sale of the World Golf Tour business [41] - Golf equipment revenue decreased by 1% to $444 million, but operating income increased by 24% to $102 million due to improved gross margins and cost savings [42] - Active Lifestyle segment revenue decreased by $17 million to $255 million, primarily due to the planned rightsizing of the Jack Wolfskin business [42] Market Data and Key Metrics Changes - U.S. rounds played were up 3.8% in March, but down slightly year to date, reflecting weather impacts [15] - Same venue sales at Topgolf were down approximately 12% for Q1, with corporate events down 13% [26] - The consumer base for Topgolf has an average income of approximately $100,000, indicating a relatively affluent target market [18] Company Strategy and Development Direction - The company announced the sale of Jack Wolfskin to ANTA Sports, allowing for greater business focus and financial flexibility [7] - Topgolf is implementing strategic initiatives to reset its value perception while maintaining a premium brand image [19] - The company is actively pursuing various alternatives for the separation of Topgolf, including a sale or spin-off, targeting the second half of the year for completion [45][46] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the demand side due to a slowing consumer environment, but noted that golf equipment has historically been resilient during mild recessions [10] - The company is optimistic about its ability to navigate current macroeconomic challenges, including tariffs and consumer spending pressures [50] - Management maintained full-year guidance despite the anticipated impact of the Jack Wolfskin sale and current tariffs [49] Other Important Information - The company expects to see a decline in Topgolf same venue sales guidance to down 6% to 12% for the year [22] - Adjusted EBITDA guidance for Topgolf remains at $240 million to $300 million, supported by ongoing cost savings initiatives [49] - The company is testing new value offerings and enhancing customer experience to drive traffic growth [34] Q&A Session Summary Question: Any change in the industry backdrop for the core golf equipment business? - Management noted that the golf consumer remains strong, and the outlook for the golf business is positive with no material changes [56] Question: How much do you attribute the softening at Topgolf to macro factors versus competition? - Management indicated that corporate spending pressure is a direct macro impact, while the consumer remains price sensitive [58] Question: How do you plan to manage venue-level cost structure going forward? - Management expressed confidence in long-term venue margins, emphasizing ongoing investments in value while maintaining player experience [66] Question: What is the impact of the Easter shift on business? - Management acknowledged a shift in events due to Easter but did not consider it material to their guidance [69] Question: Can you provide an update on cost savings and their impact? - Management confirmed that proactive cost savings have been beneficial, allowing them to hold guidance despite challenges [72] Question: How much of the Topgolf same venue sales reduction was due to April trends? - Management stated that the primary driver was the outlook on events, with improved traffic trends in the walk-in business [81] Question: Is there a value orientation program for the events business? - Management is offering more local flexibility in the events business to compete effectively, but noted that corporate spending is currently under pressure [99]

In its upcoming report, Topgolf Callaway Brands (MODG) is predicted by Wall Street analysts to post quarterly loss of $0.04 per share, reflecting a decline of 144.4% compared to the same period last year. Revenues are forecasted to be $1.06 billion, representing a year-over-year decrease of 7.4%.The consensus EPS estimate for the quarter has been revised 3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimate ...

Acushnet (GOLF) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Speaker0 Good morning, all, and thank you for joining us for today's Acushnet Company First Quarter twenty twenty five Earnings Call. My name is Drew, and I'll be the operator today. During today's call, after the prepared remarks, there will be a Q and A session. It's now my pleasure to hand over to Saundra Lennon, Vice President, FP and A and Investor Relations to begin. Please go ahead when you're ready. Speaker1 Good morning, everyone. Thank ...

Group 1 - The 137th Canton Fair has seen a significant increase in participation, with over 30,000 exhibiting companies, including more than 4,200 new entrants [3][6] - The sports and leisure products section is particularly vibrant, attracting a high volume of international buyers, indicating a strong demand for sports-related goods [3][5] - Companies like Wuxi Xingfengda Trading Co., Ltd. are using the fair as a platform to test new products, with a notable increase in export sales from $1 million to $18 million since its establishment [7][8] Group 2 - The growing emphasis on sports among domestic consumers is driving demand for sports apparel, with companies like Zhongshan Weiye Garment Co., Ltd. reporting significant export figures [6][7] - International buyers, such as Euan Miiroy from the UK, highlight the fair as a unique opportunity to find high-quality, cost-effective products [4][8] - The integration of technology in sports products is evident, with innovations like AI-assisted exoskeletons and robotic dogs being showcased, indicating a trend towards tech-enhanced sports equipment [8]

Amer Sports, Inc. (NYSE:AS) Q4 2024 Earnings Call February 25, 2025 8:00 AM ET Company Participants Omar Saad - Senior Vice President, Capital Markets and Investor Relations James Zheng - Chief Executive Officer Andrew Page - Chief Financial Officer Stuart Haselden - Chief Executive Officer, Arc’teryx Conference Call Participants Lorraine Hutchinson - Bank of America Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Paul Lejuez - Citi Laurent Vasilescu - BNP Paribas Michael Binetti - Evercore John Kernan ...