Arc’teryx Drives Revenue Beat for Amer Sports in Q1

May 21, 2024

Amer Sports, Inc., which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 13 percent revenue increase in Q1 to $1.2 billion. Net income was $7 million, down from $19 million in Q1 the prior year. Diluted earnings per share was 1 cent compared to $5 cents the prior year. Adjusted gross profit margin grew 110 basis points to 54.3 percent in Q1, a jump largely driven by the technical apparel group and the high profit Arc’teryx brand. FN