Amer Sports Q1 Revenue Jumps 32%, Beats Estimates; Full-Year Outlook Raised
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Amer Sports reported robust first-quarter results, with revenue surging 32% to $1.95 billion, significantly surpassing analyst estimates of $1.84 billion. The company also raised its full-year 2026 guidance for revenue growth to 20-22% and adjusted EPS to $1.18-$1.23, alongside an improved gross margin outlook. While an earlier news item provided Q2 EPS guidance, this Reuters report offers a comprehensive Q1 earnings beat and a more significant upgrade to the full-year forecast. The strong performance was driven by broad-based growth across its Technical Apparel, Outdoor Performance, and Ball & Racquet segments. This highly positive earnings report and upgraded outlook are material for traders, indicating strong operational momentum and likely prompting upward revisions in analyst models and stock performance. Investors will monitor the company's ability to sustain this growth and execute on the raised guidance.
At the time of this announcement, AS was trading at $34.56 on NYSE in the Trade & Services sector, with a market capitalization of approximately $19.2B. The 52-week trading range was $28.92 to $42.76. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.