Core Insights - Salomon's growth is surpassing Arc'teryx, with Amer Sports reporting a 30% year-on-year revenue increase to $1.756 billion for Q3 2025, driven by strong performance in the Greater China region, which saw a 47% increase to $462 million [2][3] - Amer Sports has raised its full-year revenue growth guidance to 23%-24% for 2025, reflecting strong sales and profit margins across its three core business segments [2] - UBS analyst Jay Sole highlights the rapid growth of the Wilson brand in China's e-commerce, marking it as a new growth point for Amer Sports in the Asian market [2] Regional Performance - The Greater China region remains a key growth driver, achieving $462 million in revenue for Q3, up 47% year-on-year, continuing the previous quarter's momentum [3] - The Americas reported $574 million in revenue, a year-on-year increase of 18%, while EMEA saw $529 million, up 23%. The Asia-Pacific region (excluding Greater China) grew by 54% to $192 million [3] Business Segment Analysis - The mountain outdoor apparel and equipment segment, led by Salomon, became the new growth leader with a 36% revenue increase to $724 million, surpassing the outdoor functional apparel segment [6] - The outdoor functional apparel segment, associated with Arc'teryx, grew by 31% to $683 million, showing a slowdown compared to the previous year's 34% growth [4][6] - The ball and racket equipment segment, including Wilson, achieved $350 million in revenue, a 16% increase, improving from the previous year's 11% growth [6] Brand Challenges and Responses - Arc'teryx faces brand image challenges in China following a controversial fireworks event, leading to management changes and a focus on brand rebuilding [7][8] - The company is actively working on brand repositioning and has launched its American ski brand ARMADA in China, aiming to attract younger consumers, particularly women [8]

Core Viewpoint - Amer Sports (AS.US) shares rose over 4.7% to $32.23 following a quarterly performance that exceeded expectations and an upward revision of the full-year outlook [1] Financial Performance - The company's consolidated net sales increased by 30.4% to $1.76 billion, surpassing expectations, driven by double-digit growth across all product lines and significant growth in China and the Asia-Pacific region [1] - The outdoor sports equipment segment saw a remarkable sales increase of 36%, primarily due to strong performance in Salomon footwear [1] - The technical apparel segment also experienced a sales growth of 31%, attributed to the excellent performance of the Arc'teryx outdoor clothing and gear line [1] Profitability - Adjusted earnings per share more than doubled to $0.33, exceeding expectations by $0.08 [1] - Adjusted gross margin expanded by 240 basis points to 57.9% [1] Future Guidance - The CFO, Andrew Page, indicated that for fiscal year 2026, the company expects revenue growth to reach the high end of its long-term growth algorithm, achieving annual sales growth in the double digits [1] - The company has revised its revenue growth forecast to 23%-24%, up from the previous 20%-21%, projecting revenue between $6.37 billion and $6.42 billion, exceeding the prior estimate of $6.39 billion [1] - Expected earnings per share are now forecasted to be between $0.88 and $0.92, higher than the previous estimate of $0.77 to $0.82 and above the market consensus of $0.86 [1]

Core Viewpoint - Amer Sports (AS.US) shares rose over 4.7% to $32.23 following the release of quarterly results that exceeded expectations and an upward revision of annual performance forecasts [1] Financial Performance - The company's consolidated net sales increased by 30.4% to $1.76 billion, surpassing expectations, driven by double-digit growth across all product lines and significant growth in China and the Asia-Pacific region [1] - The outdoor sports equipment segment saw a remarkable sales increase of 36%, primarily due to strong performance from Salomon footwear products [1] - The technical apparel segment's sales grew by 31%, attributed to the excellent performance of the Arc'teryx outdoor clothing and gear line [1] Profitability - Adjusted earnings per share more than doubled to $0.33, exceeding expectations by $0.08 [1] - Adjusted gross margin expanded by 240 basis points to 57.9% [1] Future Guidance - The CFO, Andrew Page, indicated that for fiscal year 2026, the company expects revenue growth to reach the high end of its long-term growth algorithm, achieving annual sales growth in the double digits to teens percentage [1] - The company now anticipates revenue growth of 23%-24%, up from a previous forecast of 20%-21%, translating to expected revenue of $6.37 billion to $6.42 billion, higher than the prior estimate of $6.39 billion [1] - Expected earnings per share are projected to be between $0.88 and $0.92, above the previous forecast of $0.77 to $0.82 and higher than the market consensus of $0.86 [1]