Amer Sports Non-GAAP EPS of $0.06 beats by $0.03, revenue of $1.24B beats by $60M

* Amer Sports press release [https://seekingalpha.com/pr/20204515-amer-sports-reports-second-quarter-2025-financial-results-raises-full-year-revenue-margin-and] (NYSE:AS [https://seekingalpha.com/symbol/AS]): Q2 Non-GAAP EPS of $0.06 beats by $0.03.
* Revenue of $1.24B (+24.0% Y/Y) beats by $60M.
* Technical Apparel increased 23% to $509 million, or increased 23% on a constant currency basis. This reflects an omni-comp2 growth of 15%.
* Outdoor Performance increased 35% to $414 million, or increased 32% on a constant currency basis.
* Ball & Racquet Sports increased 11% to $314 million, or increased 10% on a constant currency basis.
* Wilson CEO Joe Dudy to leave Amer Sports, CFO Andrew Page appointed interim CEO
*
FULL-YEAR 2025

*

* Reported revenue growth: 20 – 21% vs 18.42% consensus, including an approximate 100 basis point benefit from favorable Fx impact at current exchange rates
* Gross margin: approximately 57.5%
* Operating margin: 11.8 – 12.2%
* Net finance cost: approximately $105 million
* Effective tax rate: 28 – 30%
* Other operating income will be approximately $20 million, and non-controlling interest approximately $10 million
* Fully diluted share count: 561 million
* Fully diluted EPS: $0.77 – 0.82 vs $0.78 consensus
* D&A: approximately $350 million, including approximately $180 million of ROU depreciation
* CapEx: approximately $300 million

THIRD QUARTER 2025

* Reported revenue growth: approximately 20% vs 14.02% consensus, including an approximate 150 basis point benefit from favorable Fx impact at current exchange rates
* Gross margin: approximately 56.5%
* Operating margin: 12.0 – 13.0%
* Net finance cost: $30 – 35 million
* Effective tax rate: 28 – 30%
* Fully diluted share count: 561 million
* Fully diluted EPS: $0.20 – 0.22 vs $0.21 consensus

MORE ON AMER SPORTS

* Amer Sports: I Remain On The Sidelines As Earnings Outlook Is Still Uncertain [https://seekingalpha.com/article/4791155-amer-sports-remain-on-sidelines-as-earnings-outlook-still-uncertain]
* Amer Sports: Unique Brands With Diversified Global Distributions [https://seekingalpha.com/article/4788828-amer-sports-unique-brands-with-diversified-global-distributions]
* Seeking Alpha’s Quant Rating on Amer Sports [https://seekingalpha.com/symbol/AS/ratings/quant-ratings]
* Historical earnings data for Amer Sports [https://seekingalpha.com/symbol/AS/earnings]
* Financial information for Amer Sports [https://seekingalpha.com/symbol/AS/income-statement]