Amer Sports, Inc. (NYSE:AS) shares rose Tuesday after the company reported first-quarter earnings and revenue that topped Wall Street estimates, fueled by strong demand across its technical apparel and outdoor categories.
The company also raised its full-year sales and earnings outlook, citing continued momentum in its Arc’teryx and Salomon businesses and expanding margins.
Amer Sports First-Quarter Results Beat Estimates
Amer Sports reported first-quarter adjusted earnings of 38 cents per share, above the analyst consensus estimate of 30 cents. Revenue climbed 32% year over year to $1.946 billion, exceeding Wall Street expectations of $1.835 billion.
Technical apparel revenue increased 33% during the quarter, supported by growth across regions, product categories and sales channels. Omni-channel comparable sales rose 19%.
Outdoor Performance revenue jumped 42% to $714 million, while Ball & Racquet Sports revenue increased …