Key Takeaways:
Amer Sports Inc. (NYSE:AS) shares gained nearly 5 percent Tuesday after the company reported first-quarter revenue of $1.95 billion, beating analyst estimates by more than 6 percent and prompting a raise in its full-year outlook.
"Our excellent momentum continued in the first quarter of 2026, as our unique portfolio of technical sports and outdoor brands are creating white space and taking share globally," CEO James Zheng said in a statement.
The sporting goods company posted adjusted earnings per share of $0.38, above the $0.30 consensus, on revenue that climbed 32 percent year-over-year. For the full year, Amer Sports now sees adjusted EPS of $1.18 to $1.23, up from a prior forecast of $1.10 to $1.15.
The stock's advance came even as major indexes fell, with the company's raised guidance implying continued strength. The new forecast for 20% to 22% revenue growth is a significant step up from its previous 16% to 18% range.
Zheng credited the performance to broad-based strength, highlighting “exceptional Salomon Softgoods growth, a strong Arc'teryx omni-comp, and solid Wilson Tennis 360 growth.” The company also lifted its full-year operating margin forecast to a range of 13.4% to 13.7%.
The gains for Amer Sports stood in contrast to the wider market, where the S&P 500 and Nasdaq were down 0.4% and 0.7%, respectively, weighed down by rising Treasury yields. Despite the positive results, Amer Sports shares entered the day down 11% for the year.
The guidance raise suggests management is confident that demand for its key brands can overcome broader economic pressures. Investors will look for continued execution when the company reports its second-quarter results later this year.
This article is for informational purposes only and does not constitute investment advice.
