Amer Sports raises Q3 outlook and holds its five-year growth targets

The New York-listed group, parent of Arc’teryx, Salomon and Wilson, now expects third-quarter revenue to grow 20 to 22 percent year over year, up from the 18 to 20 percent range it gave previously. Adjusted operating margin is now seen slightly above the top of its earlier 13.5 to 14 percent guidance.

By moving the numbers up a day before Investor Day opened in Annecy, Amer Sports got ahead of the harder question analysts were likely to raise on site: whether a company that has already scaled its revenue and margin base can keep compounding at the same rate. Chief Financial Officer Andrew Page said the long-term algorithm still holds “despite our significantly higher revenue and margin base versus a year ago.”

The updated five-year algorithm uses full-year 2026 guidance as its base year and runs for at least five years. Amer Sports keeps group revenue growing at a low-double-digit to mid-teens compound annual rate, with adjusted operating margin expanding 30 to 70-plus basis points a year and the effective tax rate climbing toward 25 percent.

Technical Apparel, anchored by Arc’teryx, and Outdoor Performance, home to Salomon, are each targeted for mid-teens revenue growth. Ball and Racquet, built around Wilson, is guided toward mid-to-high single-digit growth. All three segments carry the same 20 to 60-plus basis point annual margin expansion target.

Amer Sports named three “growth engines” behind that math: Arc’teryx, Salomon’s soft-goods business and a Wilson initiative called Tennis 360. Salomon’s inclusion marks a shift for a brand built on ski boots and trail running, now chasing the lifestyle and sneaker crossover that has turned shoes like the XT-6 into a streetwear staple far outside the outdoor market. Chief Executive Officer James Zheng said the Annecy event marked the first time the group showcased Salomon in this format, calling it the next scale story after Arc’teryx.