Shares of Amer Sports Inc. rose in pre-market trading Tuesday after the sports company's second quarter earnings report that included an increase in guidance for full-year 2026. "Our global momentum continued through the second quarter with over 30 percent revenue growth and strong operating margin expansion," Amer Sports chief executive officer James Zheng said in a statement. "All segments, geographies, and channesl achieved strong double-digit growth led by another exceptional quarter from Salomon Softgoods, a strong Arc'teryx omni-comp, and a Wilson Tennis 360 acceleration.
Onitsuka Tiger, Running Styles Fuel Asics in Q2 Why Some Shoe Firms Are Feeling the Heat From Wall Street on Earnings Day Maersk, Hapag-Lloyd Flag Strong Demand from Asia, but Port Infrastructure is Buckling Net income for the quarter ended June 30 was $107.2 million, or 18 cents a diluted share, versus net income of $18.2 million, or 3 cents, in the year-ago quarter. Net income included a benefit of $50.1 million from tariff refunds, net of the release of capitalized tariff costs, specific inventory reserves, and estimated reimbursements to vendors. Revenue rose 32.1 percent to $1.63 billion from $1.24 billion.
Wall Street was expecting adjusted diluted earnings per share of 39 cents on revenue of $2.07 billion. Technical apparel grew 32 percent to $674 million, led by Arc'teryx. The growth was driven by broad-based strength across regions, categories, and channels.
Outdoor performance rose 37 percent to $569 million, driven by "excellent momentum in Salomon Softgoods," the company said. Amer's Ball and Racquet business rose 24 percent to $390 million, led by Wilson Tennis 360. Gross margin in the quarter rose 710 basis points to 65.6 percent, which included a benefit of 390 basis point from net tariff refunds.
The company said operating profit increased 339 percent to $192 million. And operating margin increase 820 basis points to 11.7 percent, which included the benefit of 390 basis points from net tariff refunds. For the six months, net income spiked 77.9 percent to $271.8 million, or 47 cents a diluted share, versus net income of $152.8 million, or 27 cents, in the year-ago period.
Revenue rose 32.1 percent to $3.58 billion from $2.71 billion. The company increased guidance for the year ending Dec. 31, 2026. Revenue is expected to grow 24 percent, with diluted earnings per share forecasted at between $1.27 to $1.30.
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