Amer Sports, Inc. (NYSE: AS) reported a stronger-than-expected performance for the third quarter of fiscal 2025, posting an earnings per share (EPS) of $0.33, surpassing analysts’ expectations of $0.25. The announcement, made on November 18, 2025, highlights the company’s robust operational growth across all segments, particularly driven by Salomon footwear and Arc’teryx’s technical apparel.
During the earnings conference call, Omar Saad, Senior Vice President of Capital Markets and Investor Relations, opened the session by emphasizing the company’s commitment to transparency. He noted that the call would contain forward-looking statements, reflecting current expectations which may be subject to risks and uncertainties. The call featured insights from James Zheng, CEO, and Andrew Page, CFO, who elaborated on the financial results and future guidance.
Robust Growth Across Segments
James Zheng reported that Amer Sports experienced significant momentum in Q3, with all three segments—Outdoor Performance, Technical Apparel, and Ball & Racquet—demonstrating double-digit revenue growth. Salomon’s footwear sales were particularly impressive, contributing to a 30% growth in overall sales compared to the previous year. The company also noted a 130 basis points expansion in adjusted operating margin, alongside a doubling of adjusted EPS.
Zheng attributed this success to the company’s unique portfolio of premium brands, which has allowed Amer Sports to capture a larger share of the sports and outdoor markets. He highlighted the strong performance of Salomon footwear and Arc’teryx’s omni-channel strategy, which saw a reacceleration in direct-to-consumer sales. The company reported a 46% growth in direct-to-consumer sales for Technical Apparel, underlining its shift towards a more consumer-focused approach.
Future Outlook and Strategic Initiatives
Looking ahead, Amer Sports is optimistic about maintaining its growth trajectory. Zheng identified several factors contributing to this confidence, including a strong demand for Salomon products and the potential for further expansion in the Greater China market. The company aims to leverage its innovative brand strategies to enhance consumer engagement and sustain long-term growth.
Zheng also addressed the recent incident involving fireworks, expressing regret and emphasizing Amer Sports’ commitment to community responsibility and improved practices moving forward. The company is actively collaborating with local authorities to mitigate impacts and ensure accountability.
Andrew Page provided further details on the financial performance, noting a significant increase in adjusted gross margin, which rose by 240 basis points to 57.9%. This was primarily driven by a favorable mix of channels, regions, and products. Page confirmed that the company is raising its full-year revenue guidance for 2025 from 20% to a new range of 21% to 24%, reflecting the company’s strong sales momentum.
In conclusion, Amer Sports’ Q3 results reflect a strategic alignment with market demands and an effective approach to brand management. The company is poised to continue its growth into 2026, with planned expansions in key markets and a focus on enhancing product offerings. As the company navigates challenges and opportunities, its commitment to operational excellence and consumer engagement will remain central to its strategy.