On August 18, Amer Sports, Inc. rose 5.28% in regular trading, trading at $33.78/share, with turnover of $93.14 million. The rally was driven by the company's Q2 earnings report released pre-market, which significantly exceeded market expectations, prompting another upgrade to full-year guidance.

Specifically, Q2 adjusted EPS came in at $0.22, doubling the consensus estimate of $0.11 and representing a 267% year-over-year increase from $0.06. Revenue reached $1.63 billion, surpassing the $1.54 billion estimate, up 31% from $1.24 billion a year earlier. The company now expects full-year adjusted EPS of $1.27 to $1.30, up from its prior range of $1.18 to $1.23, and projects full-year revenue growth of approximately 24%, versus its previous outlook of 20% to 22%. For Q3, management guided adjusted EPS of $0.31 to $0.33 on revenue growth of 18% to 20%.

Amer Sports, Inc. is a global sporting and outdoor brand group headquartered in Helsinki, Finland, owning iconic brands including Arc'teryx, Salomon, and Wilson. The company operates across Technical Apparel, Outdoor Performance, and Ball & Racquet Sports segments, selling through retail stores, e-commerce, and specialty channels worldwide.

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