Amer Sports Inc. continued its broad-based momentum in the first quarter — and into the second quarter.
Shares of the Arc’teryx and Salomon brands’ parent rose nearly 3.3 percent to $34.25 in pre-market trading Tuesday after posting first quarter earnings results.
“Our excellent moment continued into the first quarter of 2026, as our unique portfolio of technical sorts and outdoor brands are creating white space and taking share globally,” Amer Sports CEO James Zheng said in a statement. “All segments, geographies, and channels performed extremely well in Q1, led by exceptional Salomon Softgoods growth, a strong Arc’teryx omni-comp, and solid Wilson Tennis 360 growth.”
Zheng added that the company is “confident in the future outlook for Amer Sports,” given the continued broad-based momentum across its portfolio.
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For the three months ended March 31, net income increased 22.3 percent to $164.6 million, or 29 cents a diluted share, from $134.6 million, or 24 cents, in the year-ago period. On an adjusted diluted basis, earnings per share (EPS) rose 38 cents. Revenue rose 32.1 percent to $1.95 billion from $1.47 billion.
Wall Street was expecting adjusted diluted EPS of 31 cents on $1.83 billion.
By geography, Greater China — mainland China, Hong Kong, Macau and Taiwan — revenue was up 44.5 percent to $644.5 million. In the Americas, revenue gain 18.1 percent to $548.8 million, while EMEA (Europe, Middle East and Africa) was up 26.6 percent to $512.8 million. Asia Pacific revenue, which excludes Greater China, jumped 52.6 percent to $239.4 million.
By channel, direct-to-consumer revenue gained 44.6 percent to $1.00 billion and wholesale gained 21 percent to $944.0 million. By business segment, technical apparel revenues rose 33.3 percent to $885.0 million, outdoor performance was up 42.0 percent to $713.6 million, and ball & racquet sport increased 13.3 percent to $346.9 million. Technical innovations are led by the flagship Arc’teryx brand, while outdoor performance is led by the Salomon footwear brand. Ball & Racquet is led by Wilson 360.
“The investments we have been making behind our biggest opportunities are paying off in terms of both sales growth and margin expansion,” said Amer’s CFO Andrew Page. “Today, we are experiencing exceptional trends across each of our three biggest growth engines: Arc’teryx, Salomon softgoods, and Wilson Tennis 360 — which are all still relatively small franchises with significant room to expand.”
Page said that with a great start to the year, and continued strength within its three growth engines, the company has the “confidence to raise our 2026 sales, margin, and EPS guidance.”
Revenue growth was forecast at up 20 percent to 22 percent, with gross margin at between 59.0 percent to 59.5 percent. Diluted EPS was guided to between $1.18 to $1.23. Guidance assumes that the higher IEEPA (International Emergency Economic Powers Act) tariff rates that were in place before the U.S. Supreme Court’s February ruling are in place for the second quarter and the balance of 2026. The Supreme Court’s ruling struck down the reciprocal tariffs imposed by U.S. President Donald Trump in April 2025.
For the second quarter ending June 30, the company guided revenue growth to between 22 percent to 24 percent, with gross margin projected at 59.5 percent and diluted EPS at between 8 cents and 10 cents.
Second quarter projections assume the same higher IEEPA tariff rates in place prior to the U.S. Supreme Court’s ruling in February.
