Amer Sports Raises FY2026 GAAP EPS Guidance from $1.10-$1.15 to $1.18-$1.23 vs $1.17 Est; Raises FY2026 Sales Guidance from $7.617B-$7.748B to $7.879B-$8.011B vs $7.760B Est

FULL-YEAR 2026

Amer Sports is increasing guidance for the year ending December 31, 2026 (all guidance figures reference adjusted amounts). Guidance assumes that the higher IEEPA tariff rates that were in place before the February Supreme Court ruling are in place for all of 2Q, and the remainder of 2026.

• Reported revenue growth: 20 — 22%, which assumes a 200 – 250 basis point benefit from favorable Fx impact at current exchange rates
• Gross margin: 59.0 – 59.5%
• Operating margin: 13.4 – 13.7%
• Net finance cost: approximately $70 million
• Effective tax rate: approximately 28%
• Other operating income will be approximately $30 million, and non-controlling interest approximately $20 million
• Fully diluted share count: approximately 586 million
• Fully diluted EPS: $1.18 – 1.23
• D&A: approximately $400 million, including approximately $200 million of ROU depreciation
• CapEx: approximately $400 million
• Corporate expenses: approximately $220 million
• Technical Apparel:
  • Revenue growth of 22% – 24%
  • Segment operating margin approximately 22%
• Outdoor Performance:
  • Revenue growth of 22% – 24%
  • Segment operating margin 15.0% – 15.5%
• Ball & Racquet:
  • Revenue growth of 10% – 12%
  • Segment operating margin 4.7% – 5.0%