AS Reports Results
Amer Sports(NYSE:AS) reported second-quarter 2025 results on August 19, 2025, with revenue growing 23% year-over-year (22% excluding currency), adjusted operating margin rising 260 basis points to 5.5%, and adjusted diluted EPS increasing to $0.06. Management raised full-year fiscal 2025 guidance for revenue (now 20%-21% growth), adjusted diluted EPS ($0.77 to $0.82), and adjusted margins, citing sustained momentum in Salomon and Arcteryx, coupled with robust Greater China and APAC growth and effective tariff mitigation. The analysis below focuses on Amer Sports accelerating brand expansion, channel leverage, and operational agility underpinning its global long-term growth story.
Greater China and Asia Pacific (APAC) revenue surged 42% and 45% year-over-year, respectively, as Salomon's store count in China increased from five locations pre-2022 to approximately 290 by year-end. The direct-to-consumer (D2C) channel for Salomon posted 63% year-over-year growth, and the brand delivered a 28% D2C omni comp, reflecting strong consumer demand and successful retail expansion.
Salomon’s rapid expansion into new markets and channels is broadening Amer Sports' addressable market beyond technical outdoor to global sneaker and fashion segments, enhancing portfolio resilience and multi-region scalability.
Source Fool.com
