Amer Sports logs double-digit sales growth on Salomon, Arc’teryx

Amer Sports announced on Tuesday sales increased 30% to $1.76 billion for the third quarter, on the back of double-digit growth across all segments led by the Salomon and Arc’teryx brands.

By segment, technical apparel sales, including Arc’teryx, rose 31% to $683 million, while outdoor performance sales, including footwear brand Salomon, surged 36% to $724 million for the three months ending September 30.

Meanwhile, ball and racquet sports sales, including the Wilson brand, increased 16% to $350 million for the quarter.

By region, Asia-Pacific sales surged 54% to log the biggest growth, followed by Greater China sales, up 47%, EMEA, up 23%, and the Americas, up 18% during the quarter.

As a result of the strong quarter, net income surged 156% to $143 million, or $0.25 diluted earnings per share at Helsinki-headquartered company.

“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,” said Amer Sports ​CEO, James Zheng.

“All three segments performed extremely well led by exceptional Salomon footwear growth, an Arc’teryx omni-comp re-acceleration, and solid growth from Wilson Tennis 360 and our Winter Sports Equipment franchises.

“We believe our specialized, highly technical brands are well positioned within the premium sports and outdoor market, which continues to be one of the healthiest segments across the global consumer landscape.”

Looking ahead, the company expects sales growth to be between 23% and 24% for the full-year.