Amer Sports

AS

Market cap $21.6B

Amer Sports offers a compelling GARP opportunity, with shares down 10% YTD. I'm reiterating my buy rating on this name. AS boasts a diversified, high-margin brand portfolio, with gross margins in the mid-50s and increasing DTC sales mix driving further margin expansion. Asia-Pacific and Greater China are delivering >50% and >40% y/y revenue growth, positioning AS for substantial international expansion.

Amer Sports, Inc. (AS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

NEW YORK--(BUSINESS WIRE)--Amer Sports, Inc. (the “Company” or “Amer Sports”) (NYSE: AS) announced today the pricing of its previously announced public offering of 20,604,396 ordinary shares at a price to the public of $36.40 per share. In connection with the offering, Amer Sports has granted the underwriters a 30-day option to purchase up to an additional 3,090,659 ordinary shares. The closing of the offering is expected to occur on March 4, 2026, subject to the satisfaction of customary closi.

NEW YORK--(BUSINESS WIRE)--Amer Sports, Inc. (the “Company” or “Amer Sports”) (NYSE: AS) announced today the launch of a public offering of $750 million of ordinary shares. In connection with the proposed offering, Amer Sports has granted the underwriters a 30-day option to purchase up to an additional $112.5 million of ordinary shares. Amer Sports intends to use the net proceeds it receives from the proposed offering, together with cash on hand, to redeem the outstanding principal amount of it.

Amer Sports reported strong growth in Q4, again exceeding Wall Street's expectations. Store openings in China continue to carry growth. AS's 2026 guidance suggests that growth is slowing down. Underneath, Arc'teryx's strong brand momentum may be slowing.

Amer Sports, Inc. (AS) Q4 2025 Earnings Call Transcript

While the top- and bottom-line numbers for Amer Sports, Inc. (AS) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Amer Sports, Inc. (AS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.17 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Amer Sports, Inc. (NYSE: AS) (“Amer Sports” or the “Company”) today announced its financial results for the fourth quarter and fiscal year 2025. CEO James Zheng commented, “Fourth quarter was a great finish to a breakout year for Amer Sports led by our flagship Arc'teryx brand and rising star Salomon, which surpassed the $2 billion sales mark. In 2025 we delivered 27% revenue growth and more than 150 basis points of operating margin expansion, with double-digit growth.

While Wall Street awaits Nvidia earnings, IPO Leader Amer Sports also enters the spotlight alongside the AI giant on Wednesday.