Strong sales in Greater China and Arc’teryx brand drive revenue growth
- Amer Sports posts higher revenue in Q4
- Revenue growth led by Greater China region
- Arc’teryx brand contributes to revenue increase
- Narrower loss compared to year-ago quarter
- Adjusted loss wider than expected
- Technical-apparel sales rise 26%
- Outdoor-performance sales rise 2%
- Ball-and-racquet brand sales fall by 3%
- Amer targets earnings of 30-40 cents a share for 2024
- Mid-teen percentage revenue growth expected
Amer Sports reported higher revenue in the fourth quarter, driven by growing sales in Greater China and the strength of the Arc’teryx brand. The company’s loss narrowed to $93 million, compared to $148.3 million in the same quarter last year. However, the adjusted loss was wider than expected. Revenue rose 10% to $1.32 billion, in line with analysts’ expectations. The Greater China region saw a significant sales increase of 45%, while sales in the Americas rose by a mid-single-digit percentage. Technical-apparel sales, boosted by the Arc’teryx brand, rose by 26%. Outdoor-performance sales increased by 2%, but sales of ball-and-racquet brands fell by 3%. Looking ahead, Amer Sports aims for earnings of 30-40 cents a share in 2024, with mid-teen percentage revenue growth expected.
Factuality Level: 8
Factuality Justification: The article provides specific details about Amer Sports’ financial performance in the fourth quarter, including revenue, losses, and sales growth in different regions and product categories. The information is based on actual figures reported by the company and analysts’ expectations. There are no obvious signs of bias, misleading information, or sensationalism in the article.
Noise Level: 3
Noise Justification: The article provides relevant information about Amer Sports’ financial performance in the fourth quarter, including revenue, losses, and growth in different regions and product categories. It also includes analyst expectations and the company’s targets for the future. However, the article lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It stays on topic and supports its claims with data, but it could benefit from more actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Amer Sports
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the financial performance and earnings of Amer Sports.
Public Companies: Amer Sports (N/A)
Private Companies: Arc’teryx,Salomon,Wilson
Key People:
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