Amer Sports Reports First Quarter 2024 Financial Results, Company Updates Full Year Guidance [Yahoo! Finance]
Amer Sports, Inc. (AS)
Company Research
Source: Yahoo! Finance
Strong gross margin expansion reflecting mix shift toward highest-margin brands, channels, and regions Flagship Arc'teryx brand continues to generate best-in-class financial performance IPO proceeds used to pay down $1.4 billion of debt; ended 1Q with $1.7 billion of net debt Net debt is defined as loans from financial institutions and related parties less cash and cash equivalents HELSINKI, May 21, 2024 BUSINESS WIRE )--Amer Sports Inc. (NYSE: AS) ("Amer Sports" or the "Company") today announced its financial results for the first quarter of 2024. CEO James Zheng commented, "The momentum behind our strong financial performance has continued through the first quarter of 2024, as we delivered sales and profitability above our guidance. Our transformation to a brand-direct business model four years ago continues to fuel profitable growth today, and our high-performance technical products are resonating with consumers globally. We are gaining share in the premium sports and ou
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AS
News
- Amer Sports, Inc. (NYSE: AS) was upgraded by analysts at Nomura Securities to a "strong-buy" rating.MarketBeat
- Jim Cramer on Amer Sports Inc. (AS): ‘I Didn't Like The Subpar Balance Sheet' [Yahoo! Finance]Yahoo! Finance
- Arc'teryx Opens NYC Flagship Amid North American Retail Expansion [Yahoo! Finance]Yahoo! Finance
- Amer Sports, Inc. (NYSE: AS) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $21.00 price target on the stock.MarketBeat
- Amer Sports, Inc. (NYSE: AS) had its price target raised by analysts at UBS Group AG from $17.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
AS
Earnings
- 8/20/24 - Beat
AS
Sec Filings
- 8/20/24 - Form 6-K
- 8/20/24 - Form 6-K
- AS's page on the SEC website