Amer Sports revenue tops $6.57B in first full year since listing

Amer Sports reported 2025 revenue of $6.57 billion, up 27%, in its first full fiscal year since listing on the New York Stock Exchange.

"Our DTC-driven, brand-powered strategy is delivering strong results across all segments," the company said in its earnings release, citing expanded direct-to-consumer channels and a higher-margin regional mix.

Net profit attributable to shareholders reached $427 million, a 489% surge from $73 million a year earlier, as gross margin improved 220 basis points to 57.6%. Net finance costs fell 55.4% to $77 million after the company optimized its debt structure. Revenue growth accelerated through the year, with fourth-quarter sales hitting a record $2.1 billion.

Shares of the outdoor sports company rose after the results. The strong performance shows growing global demand for premium outdoor gear, with Amer's brands spanning technical apparel, footwear and racquet sports. The company plans to add as many as 95 new stores across its brands in 2026, with Salomon targeting about 35 new locations in Greater China alone.

Arc'teryx, the company's largest brand, generated $2.86 billion in revenue, up 30.1%, accounting for 43.5% of group sales. The technical apparel division's DTC revenue grew 35% to $2.1 billion, supported by 24 net new stores that brought the global total to 246. Women's products and footwear were the fastest-growing categories within the brand, with Arc'teryx establishing a dedicated footwear division in 2025.

Salomon emerged as a breakout performer, with sales surpassing $2 billion for the first time — a 35% increase. The outdoor performance segment as a whole posted $2.4 billion in revenue, up 31%, outpacing Arc'teryx's growth rate. DTC revenue for the segment jumped 62.2%, driven by more than 100 net new Salomon stores and e-commerce expansion. The brand's GRVL running shoe series and continued strength in sportstyle footwear fueled demand.

By geography, Greater China remained the fastest-growing major market, with revenue rising 43.4% to $1.86 billion. Asia-Pacific excluding China grew even faster at 50.7% to $773 million, led by surging demand in South Korea and Japan. The Americas contributed $2.13 billion, up 14.3%, while EMEA added $1.81 billion, up 19.3%.

The company's expansion plans imply continued momentum. Arc'teryx plans 25 to 30 net new stores in 2026 focused on China and North America, while Wilson's "Tennis 360" store model is expected to add about 30 locations. The addition of Carrie Ask is expected to strengthen profitability in the ball and racquet segment.

The results show that Amer's multi-brand strategy is gaining traction across geographies and product categories. Investors will watch the company's ability to sustain DTC-driven margin expansion as it scales store counts and faces tougher year-over-year comparisons in the quarters ahead.

This article is for informational purposes only and does not constitute investment advice.