Amer Sports Lifts Full-Year Outlook After 32% Q1 Sales Growth
Amer Sports reported Q1 sales of $1.945 billion, a 32% increase, and adjusted EPS rose 41% to $0.38, while corporate expenses climbed to $52 million from $27 million. Management raised full-year revenue outlook to 20–22% ($7.88–$8.01 billion) and noted a 200–250 bps revenue tailwind in Q2.
1. Q1 Financial Performance
Amer Sports delivered Q1 2026 sales of $1.945 billion, up 32% year-over-year, with adjusted EPS of $0.38, a 41% increase. Adjusted gross margin expanded 200 basis points to 60.0% and operating margin rose 160 basis points to 17.4%, while corporate expenses climbed to $52 million from $27 million.
2. Outlook Upgrade and Tailwind
Management raised full-year revenue guidance to growth of 20–22% ($7.88–$8.01 billion) and lifted profit outlook to $1.18–$1.23 per share. The company expects Q2 revenue to benefit from a 200–250 basis-point tailwind from current foreign exchange rates, supporting its optimistic summer trajectory.
3. Brand Momentum and Operational Challenges
Arc'teryx women's business accelerated over 40% in Q1 as the brand plans to reach 200 North American stores and boost women's sales to over 30% of revenue by 2030. Salomon faces sourcing constraints for its footwear line, and freight costs are locked in despite potential pressure from rising oil prices.