Q1 2026 Amer Sports Inc Earnings Call Transcript
Key Points
- Amer Sports Inc (AS) reported a strong 32% sales growth in Q1 2026, with all segments, geographies, and channels performing well.
- The company achieved a 160 basis points expansion in adjusted operating margin, reflecting improved profitability.
- Arc'teryx and Salomon brands showed exceptional growth, with Arc'teryx achieving a 19% Omni-comp and Salomon footwear experiencing a global demand inflection.
- Direct-to-consumer (DTC) sales grew by 45%, representing approximately 50% of total revenue, indicating strong consumer engagement.
- The company raised its full-year 2026 revenue growth guidance from 16%-18% to 20%-22%, reflecting confidence in continued momentum.
- Corporate expenses increased significantly to $52 million, up from $27 million in Q1 of the previous year, due to higher IT personnel and deferred compensation expenses.
- Ball & Racquet segment experienced a 370 basis points decrease in adjusted operating profit margin, impacted by higher SG&A expenses.
- The company faces potential logistical and cost headwinds due to elevated oil prices, which could impact freight and raw material costs.
- Despite strong growth, there are sourcing constraints for Salomon footwear, which may limit the ability to sustain high growth rates throughout the year.
- The geopolitical situation in the Middle East, although currently having a low impact, poses a risk that could affect consumer demand and supply chain operations.
Hello, everyone. Thank you for joining us, and welcome to Amer Sports first quarter 2026 earnings call. (Operator Instructions) I will now hand the conference over to Omar Saad, SVP of Investor Relations and Capital Markets. Omar, please go ahead.
Welcome, everyone. Thanks for joining Amer Sports earnings call for the first quarter of fiscal year 2026. Earlier this morning, we announced our financial results for the quarter ended March 31, 2026, and the release can be found on our IR website, investors.amersports.com.
A quick reminder to everyone that today's call will contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements reflect our current expectations and beliefs only, they are subject to certain risks and uncertainties that could cause actual results to differ materially.
Please see the safe harbor statement in our earnings release and SEC filings. We will
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