Amer Sports Inc (AS) Q3 2024 Earnings Call Highlights: Strong Sales Growth and Strategic Expansion [Yahoo! Finance]
Amer Sports, Inc. (AS)
Company Research
Source: Yahoo! Finance
Gross Margin: Increased 410 basis points to 55.5% in Q3. Adjusted Net Income: $71 million in Q3 compared to a net loss of $13 million in the prior year. Adjusted Diluted EPS: $0.14 in Q3, up from $0.03 last year. Technical Apparel Revenue: Increased 34% to $520 million, led by Arc'teryx. Outdoor Performance Revenue: Increased 8% to $534 million, driven by Salomon footwear and apparel. Ball & Racquet Revenue: Increased 11% to $300 million. Store Expansion: Arc'teryx opened 9 net new stores in Q3, total 134 stores globally. Greater China Sales Growth: 56% increase in Q3. Net Debt: $2 billion at the end of Q3. 2024 Revenue Guidance: Raised to 16% to 17% growth. 2024 Adjusted Gross Margin Guidance: Increased to 55.3% to 55.5%. 2024 Adjusted Diluted EPS Guidance: Raised to $0.43 to $0.45 per share. Warning! GuruFocus has detected 5 Warning Sign with AS. Release Date: November 19, 2024 For the complete transcript of the earnings call, please refer to the full ea
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News
- Amer Sports, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Amer Sports, Inc. (NYSE: AS) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $26.00 price target on the stock, up previously from $25.00.MarketBeat
- Amer Sports, Inc. (NYSE: AS) had its price target raised by analysts at UBS Group AG from $24.00 to $27.00. They now have a "buy" rating on the stock.MarketBeat
- Amer Sports, Inc. (NYSE: AS) had its price target raised by analysts at Wells Fargo & Company from $19.00 to $20.00. They now have an "equal weight" rating on the stock.MarketBeat
- Amer Sports, Inc. (NYSE: AS) had its price target raised by analysts at TD Cowen from $21.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
AS
Earnings
- 11/19/24 - Beat
AS
Sec Filings
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/12/24 - Form SC
- AS's page on the SEC website