Amer Sports Q4 revenue beats estimates on technical apparel unit growth

Overview

• Sports and outdoor brand's Q4 revenue grew 28%, beating analyst expectations

• Operating margin declined due to increased SG&A investments in Salomon Softgoods

• Company announced Carrie Ask as new Wilson CEO, effective March 1

Outlook

• Amer Sports expects full-year 2026 revenue growth of 16-18%

• Company anticipates first-quarter 2026 revenue growth of 22-24%

• Amer Sports forecasts 2026 operating margin between 13.1% and 13.3%

Result Drivers

• TECHNICAL APPAREL GROWTH - Technical Apparel segment grew 34%, driven by broad-based strength across regions, categories, and channels

• OUTDOOR PERFORMANCE MOMENTUM - Outdoor Performance increased 29%, fueled by Salomon footwear and Winter Sports Equipment

• SG&A INVESTMENT - Operating margin declined due to accelerated SG&A investment supporting key growth opportunities, particularly Salomon Softgoods

Company press release: ID:nBwG446Wa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

• Wall Street's median 12-month price target for Amer Sports Inc is $46.45, about 14.7% above its February 23 closing price of $40.49

• The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 29 three months ago

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