On Tuesday, Amer Sports Inc. (NYSE:AS) announced record financial results for Q1 2025, which led the company to raise its full-year 2025 guidance. Amer Sports now projects revenue growth of 15% to 17%, with EPS between $0.67 and $0.72. Following these results, JPMorgan analyst Matthew Boss raised the price target on Amer Sports to $45 from $40 while keeping an Overweight rating on the shares.
A group of professional athletes wearing the company’s performance apparel in a sports event.
Amer’s revenue in Q1 surged 23% year-over-year to make $1.473 billion. Matthew Boss’s sentiment was driven by a ‘high-quality beat and raise’ Q1, across all three of its segments. Technical Apparel saw a 28% increase, Outdoor Performance rose 25%, and Ball & Racquet Sports grew 12%. CEO James Zheng highlighted the company’s strong momentum as well, which is led by brands like Arc’teryx and Salomon footwear, which are expanding market share globally. JPMorgan also says that Amer’s revenue upside was driven by broad-based portfolio momentum.
CFO Andrew Page added that Amer’s pricing power and other mitigation strategies position it well to manage potential impacts from rising tariffs. The updated full-year 2025 guidance assumes US tariffs on imports from China remain at 30% and from the rest of the world at 10%. Amer Sports Inc. designs, manufactures, distributes, and sells sports equipment, apparel, footwear, and accessories globally.
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This article is originally published at Insider Monkey.
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