What is Amer Sports's latest dividend and current dividend yield?

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What factors drove the changes in Amer Sports's revenue and profit?

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What does Amer Sports do and what are its main business segments?

Did Amer Sports beat or miss consensus estimates last quarter?

- **Revenue Growth**: FY2025 revenue up 27% to $6.6B, driven by 34% Arc’teryx and 35% Salomon growth.
- **Margin Expansion**: 170bps operating margin improvement to 12.8%, despite $40M Salomon investments.
- **2026 Guidance**: 16-18% revenue growth, 13.1-13.3% operating margin, $1.10-1.15 EPS.
- **Strategic Focus**: Accelerating Salomon footwear growth, expanding Arc’teryx DTC, and Wilson Tennis 360 expansion.
- **China Strength**: DTC channels driving 53% APAC growth, 42% Greater China expansion.

**【CEO Summary Section】**
- Amer Sports reported 27% revenue growth in FY2025 to $6.6 billion, driven by Arc’teryx (34% growth) and Salomon (35% growth).
- Adjusted operating margin expanded 170bps to 12.8%, despite $40M in accelerated SG&A investments for Salomon growth.
- Key highlights: Arc’teryx women’s apparel grew 40%, Salomon footwear sales surpassed $2B, and Wilson Softgoods grew 34%.
- 2026 guidance: 16-18% revenue growth, 13.1-13.3% operating margin, with focus on Salomon, Arc’teryx, and Wilson Tennis 360.

**【CFO Financial Commentary】**
- Q4 FY2025: $1.76B adjusted net income, $0.31 EPS (vs. $0.17 prior year). 
- Gross margin expanded 140bps to 57.8%, offset by 220bps SG&A deleverage due to Salomon investments.
- FY2025 cash flow: $730M operating cash flow, $291M net debt (0.3x leverage).
- 2026 guidance: 16-18% revenue growth, 59% gross margin, $1.10-1.15 EPS.

**【Q&A Key Highlights】**
- **Salomon Investments**: Q4 2025 saw $40M in accelerated SG&A for marketing, retail expansion, and talent (e.g., Paris hub, 35 new stores in China). 
- **Margin Outlook**: 2026 operating margin at lower end of 30-70bps range due to Salomon reinvestment, but 2026 Q1 margin expected to expand vs. Q1 2025.
- **China Momentum**: Strong consumer trends during Chinese New Year, with Arc’teryx and Salomon DTC channels leading growth.
- **Tariff Impact**: Minimal impact on 2026 results; company maintains pricing power and clean balance sheet.

Amer Sports, Inc.(AS)-20260224-2025 Q4 Earnings call transcript

- **Revenue Surge**: 30% YoY growth driven by Arc'teryx DTC (27% YoY), Salomon footwear (35%), and Wilson soft goods doubling.
- **Margin Expansion**: 130bps operating margin improvement to 15.7%, supported by 240bps gross margin expansion.
- **China Recovery**: Post-fireworks sales rebounded, with Q4 China growth tracking pre-incident trends.
- **2026 Outlook**: Mid-teens revenue growth, 30-70bps margin expansion,2026, guidance, and 7-10 new U.S. Salomon stores planned.
- **Tariff Resilience**: Minimal P&L impact expected, with strong cash flow generation ($104M first 9 months).

**【CEO Summary Section】**
- **Revenue Growth**: Q3 revenue grew 30% YoY, driven by strong performance in Arc'teryx, Salomon footwear, and winter sports equipment. North America and Asia-Pacific regions led the acceleration.
- **Margin Expansion**: Adjusted operating margin expanded 130 basis points to 15.7%, supported by gross margin improvements and cost control.
- **Brand Momentum**: Arc'teryx DTC sales reaccelerated to 27% YoY, Salomon footwear grew 35%, and Wilson soft goods doubled YoY.
- **China Recovery**: Despite initial softness post-fireworks incident, China sales rebounded in Q4, with strong demand in colder weather.
- **2026 Outlook**: Guidance for mid-teens revenue growth, with technical apparel and outdoor performance segments leading the way.

**【CFO Financial Commentary】**
- **Q3 Financials**: GAAP net income $185M, adjusted EPS $0.33, up 140% YoY. Gross margin expanded 240bps to 57.9%, driven by DTC channel strength.
- **Full Year Guidance Update**: Raised 2025 revenue growth to 21-24%, adjusted operating margin to 12.2-12.7%, and EPS to $0.88-0.92.
- **2026 Outlook**: Targeting low double-digit to mid-teens revenue growth, with margin expansion of 30-70bps.
- **Balance Sheet**: $800M net debt, 0.7x net debt/EBITDA, strong cash flow generation ($104M first 9 months).

**【Q&A Highlights】**
- **U.S. Expansion**: Planning 7-10 new Salomon stores in 2026, with successful openings in NYC, LA, and Miami.
- **China Strategy**: 80 Wilson Tennis 360 stores by end-2025, focusing on Southern and coastal locations.
- **Tariff Impact**: Minimal P&L impact expected, with pricing power and diversified supply chain mitigating risks.
- **DTC Focus**: 25 Arc'teryx stores to open in 2025, 12 in North America, with flagship NYC store performing strongly.
- **Salomon Footwear**: 36% Q3 growth, 28% of outdoor performance segment, targeting 13% of Arc'teryx sales by 2030.

Amer Sports, Inc.(AS)-20251118-2025 Q3 Earnings call transcript

- **Revenue Growth Accelerates**: 23% Q2 sales (22% ex-currency), driven by Salomon (35% growth) and Arc'teryx DTC (31% expansion).
- **Margin Expansion**: Operating margin +260 bps to 5.5%, with Outdoor Performance margin jumping 720 bps to 5.1%.
- **Salomon U.S. Playbook**: 3-4 NYC-area stores planned, replicating China's 300+ profitable compact shops.
- **Tariff Resilience**: <1% EBITDA impact expected, with premium pricing power offsetting 30% U.S. tariffs.
- **Wilson Transition**: Andrew Page leads interim turnaround, with Tennis 360 soft goods doubling in Q2.

**【CEO Summary Section】**
- Amer Sports reported 23% revenue growth (22% ex-currency) in Q2, driven by strong performance in Outdoor Performance (Salomon) and Technical Apparel (Arc'teryx). Adjusted operating margin expanded 260 bps to 5.5%.
- Salomon footwear is experiencing global acceleration, with 35% segment revenue growth and 63% DTC expansion. Arc'teryx opened 7 new stores globally, including high-profile locations in NYC and Beijing.
- Wilson brand transition: Andrew Page appointed Interim CEO, with search underway for permanent leader. Wilson soft goods grew over 100% in Q2, led by Tennis 360 demand.

**【CFO Financial Commentary】**
- Q2 adjusted EBITDA of $36M vs. $25M last year, with EPS of $0.06 (up 20%). Full-year guidance raised to 20-21% revenue growth (prev. 15-17%) and EPS of $0.77-0.82 (prev. $0.67-0.72).
- Outdoor Performance margin expanded 720 bps to 5.1%, driven by footwear cost optimization. Technical Apparel margin held steady at 13.9% despite store expansion costs.
- Inventory up 29% YoY due to tariff mitigation and slower airfreight usage, but expected to normalize in 2026. Operating cash flow of $108M in H1.

**【Q&A Highlights】**
- **Salomon Growth**: U.S. expansion plans include 3-4 NYC-area stores by year-end, leveraging successful China/DACHAR compact shop model. Global footwear sell-through rates exceed 90%.
- **Arc'teryx Women's Momentum**: 30%+ women's revenue growth in Q2, Clarkia pants sold out in 4 weeks. NYC flagship store ranks top-performing globally.
- **Tariff Mitigation**: <1% EBITDA impact expected in 2025, with pricing flexibility in premium brands offsetting 30% U.S. tariffs on China imports.
- **Winter Sports Transition**: Equipment now 28% of Outdoor Performance (down from 46% in 2022), with focus shifting to year-round footwear/apparel.

Amer Sports, Inc. (AS) Q2 2025 Earnings Call Transcript

- **Revenue Surge**: 23% Q1 growth (26% ex-currency), driven by Arc'teryx (28%), Salomon (25%), and Wilson (12%).
- **Salomon Breakthrough**: $1B+ sneaker sales, 68% DTC growth, and 15%+ FY25 guidance.
- **Arc'teryx Women's**: 38% Q1 growth, Clarkia pants out-of-stock, targeting 50-50 gender balance.
- **Tariff Resilience**: 26% U.S. revenue exposure, 100bps annualized drag neutralized via pricing and supply chain.
- **China Dominance**: 49% APAC growth, 43% China growth, 300+ Salomon shops by end-2025.
- **Profit Expansion**: 490bps operating margin improvement to 15.8%, 57% gross margin guidance.
- **EPS Upgrade**: Full-year EPS raised to $0.67-0.72 (prev $0.64-0.69), Q2 EPS $0.00-0.02.
- **Balance Sheet Strength**: $515M net debt, 0.5x net debt/EBITDA, $164M Q1 cash flow.


**【CEO Summary Section】**
- **Revenue Growth**: 23% reported growth (26% ex-currency), driven by Technical Apparel (28%), Outdoor Performance (25%), and Ball & Racquet (12%).
- **Key Brands**: Arc'teryx footwear and women's apparel outperformed, Salomon sneakers reached $1B in FY24, and Wilson Tennis 360 soft goods doubled Q1 sales.
- **Strategic Initiatives**: 25 new Arc'teryx stores globally, 22 Salomon shops in China, and Veilance's Paris fashion week debut.
- **Tariff Resilience**: 26% of revenue exposed to U.S., with premium pricing power and mitigation strategies in place.

**【CFO Financial Commentary】**
- **Profitability**: Adjusted operating margin expanded 490bps to 15.8%, driven by 330bps gross margin improvement and 160bps SG&A leverage.
- **Tariff Impact**: FY25 guidance assumes 30% China tariffs, with negligible P&L impact after mitigation. Long-term, 100bps annualized drag neutralized via pricing and supply chain.
- **Guidance Update**: Full-year revenue raised to 15-17% growth, EPS to $0.67-0.72. Q2 EPS expected $0.00-0.02 due to seasonal factors.
- **Balance Sheet**: $515M net debt, 0.5x net debt/EBITDA, $164M Q1 cash flow.

**【Q&A Highlights】**
- **Salomon Momentum**: 68% DTC growth in Outdoor Performance, 15%+ FY25 guidance, and $1B+ sneaker market opportunity.
- **Arc'teryx Women's**: 38% Q1 growth, Clarkia pants out-of-stock, and 50-50 gender balance target.
- **Ball & Racquet**: 12% growth driven by Tennis 360, 50+ new stores in China, and mid-single-digit long-term growth.
- **Tariff Mitigation**: 80% China/U.S. sourcing, 30% Vietnam, and 3% Europe. Pricing, vendor renegotiations, and DTC expansion offset costs.

**【Operational Wins】**
- **Arc'teryx Academy**: 6M media impressions, LA-area sales lift, and ReBIRD engagement.
- **Salomon XT-Whisper**: Global launch success with KITH and Sandy Liang collaborations.
- **Wilson Golf**: Dynapower launch success, 12% Q1 growth.
- **China Expansion**: 300+ Salomon shops in China by end-2025, Arc'teryx premium store conversions.


Amer Sports (AS)-20 May 25-2025 Q1 Earnings call transcript

- **Record Growth**: FY24 revenue up 18% to $5.2B, Q4 sales +23% YoY, fueled by Arc'teryx (33% growth) and Salomon sneakers ($1B+ in FY24).
- **Store Expansion**: Arc'teryx to open 25-30 stores in FY25, targeting 150-200 in China. Footwear sales up 60% YoY, women's segment outperforms.
- **Profitability**: FY24 margin expansion to 11.1%, FY25 guidance for 11.5-12% operating margin, supported by $425M free cash flow.
- **China Dominance**: 54% FY24 growth in Greater China, driven by premium outdoor demand and scalable operating platform.
- **Risk Mitigation**: 20%+ Technical Apparel growth offsets Winter Sports Equipment flatness; FX hedging and tariff strategies in place.

**【CEO Summary Section】**
- Amer Sports achieved 18% revenue growth to $5.2 billion in FY24, driven by Technical Apparel (Arc'teryx) and Outdoor Performance (Salomon) segments. Q4 sales grew 23% YoY, with 29% omni-channel comp at Arc'teryx.
- Arc'teryx opened 33 new stores in FY24, targeting 25-30 net openings in FY25. Women's and footwear categories outperformed, with footwear sales up 60% YoY.
- Salomon sneakers surpassed $1 billion in FY24, with double-digit growth in EMEA and APAC. Wilson returned to #1 U.S. racquet market share, with Tennis 360 apparel doubling in sales.
- Long-term growth drivers include Arc'teryx's direct-to-consumer model, Salomon's technical footwear, and Wilson's soft goods expansion.

**【CFO Financial Commentary】**
- FY24 adjusted operating margin expanded 130bps to 11.1%, driven by Technical Apparel (24.3% margin) and Outdoor Performance (11.1% margin). Q4 gross margin reached 56.4%, up 370bps YoY.
- FY25 guidance: 13-15% revenue growth (250bps FX drag), 56.5-57% gross margin, and 11.5-12% operating margin. Free cash flow of $425 million in FY24 supports debt reduction to $600 million net debt.
- Ball &amp; Racquet segment rebounded with 22% Q4 growth, but expects low-single-digit long-term growth.

**【Q&A Highlights】**
- **Arc'teryx Store Expansion**: 25-30 net openings in FY25, targeting 150-200 stores in China. Footwear distribution in U.S. wholesale channels is a key growth lever.
- **Financial Resilience**: 20%+ growth in Technical Apparel offset Winter Sports Equipment flatness. FX hedging and tariff mitigation strategies are in place.
- **Margin Outlook**: FY25 margin focus on low end due to macro uncertainties, but long-term expansion driven by Arc'teryx scale.

**【Regional Momentum】**
- Greater China: 54% FY24 growth, with Arc'teryx and Salomon DTC channels leading. EMEA: 8% Q4 growth, driven by Salomon soft goods recovery. North America: 15% Q4 growth, Wilson inventory normalization complete.


Actual	-0.11	0.08	0.05	0.14	0.17	0.27	0.06	0.33	0.31
Forecast	-0.0614	0.0111	-0.056	0.104	0.1699	0.1544	0.0247	0.2519	0.2826
Surprise	-79.15%	+620.72%	+189.29%	+34.62%	+0.06%	+74.87%	+142.91%	+31.00%	+9.70%

Actual	1.31B	1.18B	993.80M	1.35B	1.64B	1.47B	1.24B	1.76B	2.10B
Forecast	1.30B	1.13B	947.59M	1.30B	1.60B	1.39B	1.18B	1.72B	2.00B
Surprise	+0.84%	+4.64%	+4.88%	+4.06%	+2.47%	+6.14%	+5.05%	+2.13%	+5.31%

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AS fundamentals

AS Q4 2025 Earnings

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AS Earnings Call Summary for Q4/20258:00 AM on Feb 24, 2026

AS Earnings Call Summary for Q3/20258:00 AM on Nov 18, 2025

AS Earnings Call Summary for Q2/20258:00 AM on Aug 19, 2025

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AS Earnings Call Summary for Q4/20248:00 AM on Feb 25, 2025

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