Amer Sports' multiple growth strategy across brands 'a rare feat in retail' -- BTIG

BMO Capital initiated coverage on Amer Sports (NYSE:AS) with an Outperform rating and a $38.00 price target, citing strong brand growth and high margins. The stock trades near its 52-week low at $28.69. The company reported Q2 2026 earnings of $0.22 per share on revenue of $1.63 billion, beating expectations and raising full-year revenue guidance to 24%. UBS and Piper Sandler also reiterated Buy ratings with higher price targets, highlighting the company's growth potential.

Amer Sports (NYSE:AS) reported a 32% revenue increase to $1.945B in Q1, with strong growth in Technical Apparel and Outdoor Performance. The company raised its 2026 revenue and EPS guidance. Direct-to-consumer sales and margins also improved. Revenue growth was broad-based across regions, with China leading. The company's bull case rests on premium brands like Arc'teryx and Salomon, while risks include regional exposure and high growth expectations.

Amer Sports (AS) reported Q2 2026 earnings beating its own outlook, raising full-year guidance. The stock is down 13.25% year-to-date despite growth in direct-to-consumer sales and key brands. Analysts debate its valuation, with some seeing it as undervalued at $32.53 and others noting its high P/E ratio of 34.6x.

Amer Sports Inc. (AS) reported Q2 2026 revenue of $1.63B, up 32% YoY, and EPS of $0.22, beating estimates. All segments and regions grew. Adjusted operating profit rose 209% to $208.4M. The company raised full-year guidance. Barclays raised its price target to $50.

Amer Sports (AS) shares fell 3.2% despite strong Q2 results, with revenue up 32% YoY to $1.63B and EPS at $0.22. The company raised its full-year outlook, citing demand across brands like Arc’teryx and Salomon. Sector sentiment and profit-taking may have contributed to the decline, according to analysis.

Amer Sports reported Q2 2026 revenue of $1.63B, up 32.1% YoY, with DTC sales reaching 55% of total revenue at $896.8M. Wholesale revenue grew 23.6% to $735.8M. Profitability improved, with net income rising 489% to $107M, aided by tariff refunds. The company raised its full-year outlook, expecting 24% revenue growth and adjusted EPS of $1.27-$1.30.