Amer Sports, Inc. (AS) has released an update.
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Amer Sports, Inc. has reported robust first quarter 2024 earnings, surpassing guidance with a 13% year-over-year revenue increase to $1.2 billion, notably led by its Technical Apparel segment. The company’s flagship Arc’teryx brand has continued its impressive performance, contributing to a gross margin expansion and solidifying its position in the premium sports market. Amer Sports has also improved its financial health by using IPO proceeds to pay down a significant portion of its debt, ending the quarter with $1.7 billion in net debt.
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