American families may be tightening their belts, but when it comes to sports, it seems there's plenty of consumer spending still going on. Amer Sports (AS +8.45%) -- the brand behind popular sporting goods names including Salomon, Arc'teryx, Atomic, and Wilson -- just reported a blowout third quarter.
Investors responded by driving shares as much as 10% higher today. As of 12:31 p.m. ET, Amer Sports stock was still up by 7.5%.
Image source: Getty Images.
Another score!
Amer Sports already told investors to expect a strong 2025. In its second-quarter report, it raised guidance for sales and profitability. Even amid tariff uncertainties and global trade discord, the company told investors to expect at least 20% revenue growth this year. Now, management is further boosting that guidance.
In addition to achieving at least 23% sales growth, Amer Sports has now also increased its guidance for gross margin and operating margin, along with a meaningful jump in earnings per share (EPS).
Amer Sports focuses on providing equipment and apparel that cater to both professional athletes and hobbyists. Its Arc'teryx brand has seen growing popularity among outdoor enthusiasts, and Salomon premium footwear is adding to profitable growth.
NYSE: AS
Key Data Points
The company appears to be handling a challenging tariff environment well. Revenue soared 30% and each of its three operating segments beat sales and margin expectations in Q3. After a more than 20% drop in the stock over the last three months, investors are buying that dip today.
