Strong Overall Revenue Growth
Amer Sports grew sales by 30% in Q3 on a reported basis, with double-digit growth across all segments and regions, including 54% increase in Asia Pacific and 47% in China.
Salomon Footwear and Technical Apparel Performance
Salomon footwear led the Outdoor Performance segment with strong demand, especially in Asia, and Technical Apparel revenue increased 31%, driven by Arc'teryx.
Increased Operating Margins and EPS
Adjusted operating margin increased by 130 basis points to 15.7% in Q3, and adjusted EPS more than doubled to $0.33.
Direct-to-Consumer Channel Success
Direct-to-consumer sales grew by 51%, led by Salomon in Greater China and APAC, with Technical Apparel's omni-comp reaccelerating to 27% from 15% in Q2.
Positive Outlook and Raised Guidance
Full-year revenue growth guidance was raised to 23-24%, with an adjusted EPS guidance increase to $0.88-$0.92.