Company Announcements

Amer Sports Soars in Q2, Raises 2024 Guidance

Amer Sports, Inc. (AS) has released an update.

Amer Sports Inc. has announced a robust financial performance in the second quarter of 2024, with a notable 16% increase in revenue to $994 million and significant growth in key segments like Technical Apparel and Outdoor Performance. The company’s strong results, particularly the continued success of its Arc’teryx brand and the rebound of Wilson, have led to an increased full-year financial guidance. Confidence in Amer Sports’ brand portfolio and efficient management has positioned the company for sustained success in the sports and outdoor markets.

For further insights into AS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyAmer Sports price target raised to $19 from $17 at UBS
TipRanks Auto-Generated NewsdeskAmer Sports Reports Financial Trends and Strategies
TheFlyAmer Sports upgraded to Buy from Hold at HSBC
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App