Amer Sports Beats Q4 Forecasts with China Expansion, Cuts 2026 Growth Outlook
Amer Sports reported strong Q4 growth driven by continued store openings in China and beat consensus revenue and EBIT forecasts. Full-year 2026 guidance cut growth outlook and cautioned of decelerating momentum at Arc’teryx despite its strong brand performance.
1. Q4 Growth Tops Forecasts
Amer Sports delivered quarterly revenue and EBIT that exceeded consensus estimates, marking another period of robust top-line expansion. Management highlighted strength across its major brands and channels as the primary drivers of the beat.
2. China Store Expansion Fuels Sales
The company’s aggressive rollout in Greater China continued, with additional retail outlets boosting regional same-store sales and overall group growth. This expansion has been critical to offsetting slower performance in other markets.
3. 2026 Guidance Reflects Slower Growth
Amer Sports trimmed its full-year 2026 growth projections, signaling a more moderate trajectory than in prior years. The revised outlook incorporates cautious assumptions around global demand and operating leverage.
4. Arc’teryx Momentum Shows Signs of Moderation
While Arc’teryx remains a leading premium brand, management noted that wholesale orders and sell-through rates are decelerating from prior peaks. This moderation underpins part of the company’s decision to temper its future growth expectations.