New York, May 19, 2026, 08:07 EDT
- Amer Sports raised its guidance for 2026 sales, margin, and profit after beating expectations in the first quarter.
- Shares were higher in premarket trading. The stock closed Monday at $33.15.
- Arc’teryx, Salomon softgoods, and Wilson Tennis 360 drove the quarter.
Amer Sports shares traded higher in premarket action Tuesday after the Arc’teryx and Salomon parent raised its full-year outlook and topped first-quarter analyst targets. The numbers offer another look at demand for top-priced outdoor kit and running shoes.
Shares listed in New York traded at $34.54, up 4.18% in premarket action at 8:06 a.m. EDT, after closing Monday at $33.15. This came ahead of the NYSE regular session that begins at 9:30 a.m. ET.
Amer put numbers out ahead of the open on a regular U.S. trading day, as investors focused on its premium segment and how it stacks up against bigger sportswear names in the same spend category. The market looked for earnings of 31 cents and $1.83 billion in sales. Amer booked 38 cents a share on an adjusted basis and revenue of $1.95 billion.
Amer Sports reported revenue up 32% from a year ago at $1.945 billion, or 26% higher on a constant-currency basis. Technical Apparel, led by Arc’teryx, was up 33%. Outdoor Performance, including Salomon, added 42%. Ball & Racquet Sports gained 13%.
Amer Sports CEO James Zheng said “all segments, geographies, and channels performed extremely well” last quarter. Gains were led by Salomon softgoods, Arc’teryx comparable sales and Wilson Tennis 360. The company uses “omni-comp” to track comparable sales at stores and e-commerce sites open at least 13 months. Business Wire
Margins improved. Adjusted gross margin jumped 200 basis points to 60.0%, up two percentage points. Adjusted operating margin increased 160 basis points to 17.4%. Adjusted net income attributable to shareholders was up 47% to $218 million, or 38 cents per share.
Amer CFO Andrew Page said Arc’teryx, Salomon softgoods, and Wilson Tennis 360 are still “relatively small franchises,” and he sees room for these brands to grow. That’s why, he said, the company is confident enough to “raise our 2026 sales, margin, and EPS guidance.” Business Wire
Amer is now guiding for 2026 reported revenue to rise 20% to 22%, with adjusted gross margin between 59.0% and 59.5%. Adjusted operating margin is seen at 13.4% to 13.7%. Diluted adjusted earnings are forecast at $1.18 to $1.23 a share. For the second quarter, Amer put revenue growth at 22% to 24% and adjusted EPS at 8 to 10 cents a share.
Salomon keeps Amer in the mix with Nike, Adidas and Puma, while Arc’teryx gives it an outdoor premium that most big sportswear brands don’t have. Earlier this year, Reuters said Anta Sports, which backs Amer, also picked up a 29% stake in Puma as it pushes to grow its global sportswear business against Nike and Adidas.
Amer’s clean beat this quarter may not be enough to hold the stock. The company said its forecast counts on higher tariff rates under the International Emergency Economic Powers Act sticking through Q2 and through 2026. Inventories jumped 33% from last year. A lock-up on 557.7 million ordinary shares expired May 17, opening the door to more supply if holders decide to sell.
Amer’s 2024 IPO is still fresh, and the market is sticking with stocks that deliver. Investors have been quick to back Amer as long as Arc’teryx and Salomon show growth and hold margins. The stock’s premarket reaction Tuesday pointed to another solid quarter, with the numbers meeting expectations before the bell.
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