Dive Brief:
- Continuing its growth trajectory, Amer Sports on Tuesday reported fourth-quarter revenue increased 23% year over year to $1.6 billion, while its net income grew 117% to $15 million.
- The company’s technical apparel segment, which includes Arc’teryx, saw revenue increase by 33% year over year to $745 million, per the earnings release. Revenue in outdoor performance, which includes Salomon and Atomic, grew 13% to $594 million. And revenue in ball and racquet sports, which includes Wilson, increased 22% to $296 million.
- For the full year, the company’s revenue climbed 18% from the prior year to $5.2 billion and net income surged 135% to $73 million.
Dive Insight:
After increasing revenue and profits last year, “Amer Sports is well positioned to deliver another year of strong and profitable growth in 2025,” according to CFO Andrew Page.
“With over 20% revenue growth, healthy margin expansion, significant free cash flow generation, and the transformation of our capital structure, the fourth quarter of 2024 marked a financial turning point in Amer Sports’ journey,” Page said in a statement. The company expects to see continued strong momentum from its Arc’teryx and Salomon brands in the year ahead.
Arc’teryx was among the list of fastest-growing outdoor specialty brands, which also included Stanley and Cotopaxi, according to a June report from Circana.
The brand has been building out its brick-and-mortar presence. Last September, Arc’teryx debuted its largest flagship store, located in New York City. The store is the company’s first location where it sells pre-owned goods, dubbed Regear.
Amer Sports has also made notable changes in its leadership recently. Matt Bolte became the chief merchandising officer of Arc’teryx Equipment last month. The company also appointed Marissa Pardini as general manager and Ben Stubbington as creative director of its Veilance brand, per a January press release.
