Amer Sports Lifts 2025 Outlook and Reaffirms Ambitious Long-Term Growth Targets
Guidance Raised for Q3 2025: Revenue Growth Projected in High 20s Percent
Amer Sports (NYSE: AS) delivered a notable update at its Vancouver Investor Day, raising expectations for the third quarter of 2025. Management now forecasts year-over-year revenue growth in the high 20s percent range, an increase from the previously anticipated ~20%. The company also projects its adjusted operating margin will meet or exceed the upper end of its prior guidance of 12-13%.
| Guidance | Previous (Q3 2025) | Updated (Q3 2025) |
|---|---|---|
| Revenue Growth (YoY) | ~20% | High 20s % |
| Adjusted Operating Margin | 12-13% | = 13% |
Long-Term Financial Targets Remain Bold Across All Segments
Amer Sports continues to aim high with its multi-year algorithm, reiterating double-digit revenue growth and margin expansion across its divisions, based on 2025 as the base year. Notably, the company is confident in achieving these ambitious goals even as its revenue and profit baseline is significantly higher than in 2023.
| Segment | Annual Revenue CAGR | Operating Margin Expansion (bps) |
|---|---|---|
| Amer Sports Group (overall) | Low-double-digit to mid-teens | 30–70+ |
| Technical Apparel | Mid-teens | 20–60 |
| Outdoor Performance | Low-double-digit to mid-teens | 40–80 |
| Ball & Racquet | Mid-single-digits | 40–80 |
Brand Strength and Global Presence Drive Management Optimism
Amer Sports credits its optimism to strong brands like Salomon, Arc’teryx, and Wilson, with Salomon Softgoods and a rebound in Arc’teryx expected to power near-term performance. The company’s portfolio serves more than 100 countries, with revenue hitting $5.2 billion in 2024 and a workforce exceeding 13,400 employees worldwide.
What Does This Mean for Investors?
Amer Sports’ reaffirmed commitment to both near- and long-term growth offers investors a window into the company’s bullish view on demand and profitability—even in a competitive and changing retail environment. While risks remain (from supply chains to economic shifts), management’s willingness to lift guidance, paired with granular multi-year targets, suggests confidence in execution and market positioning.
With its Q3 2025 revenue target now more ambitious, investors will be watching to see if Amer Sports can continue delivering above-trend growth as it navigates global opportunities and challenges. As always, it’s worth monitoring whether performance in segments like technical apparel and outdoor equipment lives up to these high expectations.
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