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Amer Sports, Inc. (AS)
NYSE:AS
Holding AS?
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.18Last Year’s EPS
-$0.11Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: 44.22%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment, with strong sales growth, particularly in Greater China and the Technical Apparel segment, driven by brand expansions and innovations. However, challenges remain in the Winter Sports Equipment sector, and the high tax rate impacted net income. The company maintained its operating margin guidance due to increased investments.Company Guidance
During the Amer Sports Q3 2024 earnings call, the company provided updated guidance reflecting strong performance and positive prospects. Amer Sports expects 16% to 17% revenue growth for the full year, with robust contributions from its Technical Apparel segment, which is projected to grow approximately 34%, and Outdoor Performance at 8% growth. The company reported a 17% sales increase in Q3, achieving a 14.4% adjusted operating margin, exceeding expectations. Arc’teryx led the gains with 34% revenue growth, and the brand plans to open 30 new stores in 2024. Amer Sports also highlighted a significant 56% sales surge in Greater China. For 2024, adjusted gross margin guidance was raised to 55.3%-55.5%, while adjusted operating margin is anticipated to remain at the high end of 10.5%-11%. Amer Sports forecasts adjusted diluted EPS between $0.43 and $0.45, up from previous expectations. Looking ahead to 2025, the company anticipates low double-digit to mid-teens annual revenue growth and 30 to 70-plus basis points of operating margin expansion.Strong Sales Growth
Amer Sports Group generated 17% sales growth in Q3, led by flagship brand Arc’teryx. This was driven by a 41% increase in DTC sales and an 8% rise in wholesale sales.
Record Performance in Greater China
The company saw a 56% sales growth in Greater China, outperforming the market and driven by strong consumer confidence and government stimulus.
Expansion of Arc’teryx
Arc’teryx opened 9 new brand stores globally in Q3, with significant growth in footwear and women's categories. The brand's omni-channel performance and retail expansion continue to drive growth.
Technical Apparel Segment Success
Technical Apparel revenues increased by 34%, with a significant contribution from Arc’teryx, which saw a 40% growth in its DTC segment.
Ball & Racquet Growth
Ball & Racquet segment revenues grew 11%, driven by strong trends in racket sports and the successful launch of new products.
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AS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $19.54 | $20.67 | +5.78% |
| Aug 20, 2024 | $12.35 | $13.63 | +10.36% |
| May 21, 2024 | $16.03 | $14.76 | -7.92% |
| Mar 05, 2024 | $17.34 | $16.45 | -5.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Amer Sports, Inc. (AS) report earnings?
Amer Sports, Inc. (AS) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Amer Sports, Inc. (AS) earnings time?
Amer Sports, Inc. (AS) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AS EPS forecast?
AS EPS forecast for the fiscal quarter 2024 (Q4) is $0.18.
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