Amer Sports raises 2024 EPS view to 88c-92c from 77c-82c, consensus 86c

FY25 consensus 86c. Raises FY25 revenue growth view to 23%-24% from 20%-21%, consensus $6.39B. CFO Andrew Page said, “Salomon footwear continues to add a strong second leg of profitable growth to Arc’teryx’s already exceptional trajectory, significantly elevating the financial profile and long-term value creation potential of the Amer Sports (AS) portfolio. All three operating segments delivered both sales and margin ahead of our expectations in the third quarter. Given our continued momentum we are raising our full year revenue, margin, and EPS expectations. As we begin to look beyond this year, we expect to deliver 2026 Group revenue growth towards the high-end of our long-term algorithm of low-double-digit to mid-teens annual sales growth. And we expect to deliver adjusted operating margin expansion within our long-term algorithm of 30-70+ basis points annually.”