Amer Sports Inc. ( AS ) has outlined a long-term financial algorithm that uses its previously issued guidance for the year ending December 31, 2025, as the base year, with a planning horizon extending beyond five years.
The company now expects revenue for the third quarter of 2025 to grow in the high-20s percentage range from a year earlier, above its prior forecast of about 20%. Adjusted operating margin is projected at or above the upper end of its earlier 12% to 13% range.
Looking further ahead, Amer set out a new financial framework based on 2025 guidance, targeting annual revenue CAGR growth in the low double digits to mid-teens and operating margin expansion of 30 to more than 70 basis points, with an effective tax rate approaching 25%.
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By segment, the company expects mid-teens revenue CAGR growth in technical apparel, low double-digit to mid-teens growth in outdoor performance, and mid-single-digit growth in ball and racquet. Adjusted operating margins are projected to improve by 20–60 basis points, 40–80 basis points, and 40–80 basis points, respectively.
In August, Amer Sports ( AS ) reported second-quarter earnings of 6 cents per share, exceeding the analyst consensus estimate of 3 cents. The revenue for the quarter came in at $1.24 billion, topping expectations of $1.18 billion.
CEO James Zheng commented, “We expect Amer Sports ( AS ) to deliver very strong third quarter results across all three segments, led by continued exceptional growth from Salomon Softgoods and an Arc’teryx reacceleration.”
“In addition to strong near-term performance, we expect great things from our unique portfolio of premium sports and outdoor brands long-term.” CFO Andrew Page added.
Amer Sports ( AS ) noted that it provides guidance exclusively on a non-IFRS basis, except for revenue.
Price Action: AS shares were trading higher by 5.34% to $39.07 at last check Thursday.
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