Sales Growth and Margin Expansion Improve Amer Sports’ (AS) Profit Outlook

Tributary Capital Management released its second-quarter 2026 investor letter for “Multi Cap Core Equity Strategy”. You can download a copy of the letter here. The Tributary Multi Cap Core’s equity allocation underperformed in Q2, returning +12.5% against +15.3% for the S&P 1500 and +15.4% for the Russell 3000. Information Technology was the main driver of the Multi Cap Core strategy’s -2.8% relative underperformance. Although the strategy’s tech holdings delivered a strong +23.0%...