Amer Sports reported third‑quarter 2025 earnings that surpassed expectations, delivering an adjusted earnings per share of $0.33 versus the consensus estimate of $0.25—a $0.08 or 32% beat. Total revenue reached $1.76 billion, up 30% year‑over‑year and $30 million above the $1.73 billion consensus. The company’s Q3 2024 revenue was $1.35 billion and EPS $0.14, underscoring the acceleration in both top‑line growth and profitability.
Adjusted operating margin expanded to 15.7%, a 130‑basis‑point lift from 14.7% in the prior year. The improvement stems from a favorable product mix that favored higher‑margin technical apparel and outdoor performance items, stronger pricing power in premium segments, and disciplined cost management that offset modest increases in raw‑material costs.
Segment‑level data show Technical Apparel revenue rising 31% and Outdoor Performance up 36%, driven by strong demand for Arc‑teryx and Salomon products. Direct‑to‑consumer sales grew 22% as the company’s e‑commerce platform gains traction, while growth in Greater China accelerated 47% and Asia Pacific expanded 54%, reflecting the global reach of its premium brands.
Capitalizing on the momentum, management raised its full‑year 2025 guidance. Revenue growth is now projected at 23‑24% versus the prior 20‑21% range, and adjusted EPS is now expected to be $0.88‑$0.92, up from the previous $0.84‑$0.88 estimate. The revisions signal confidence that demand will continue to outpace cost pressures and that margin expansion will persist.
CEO James Zheng said, 'Amer Sports’ strong momentum continued in the third quarter, as our unique portfolio of premium technical brands continues to create white space and take share in sports and outdoor markets around the world.' The statement underscores the company’s focus on premium brands and direct‑to‑consumer growth as key drivers of its sustained performance.
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