AS · Amer Sports Inc.
AI read · Good for AS
The AI's read
Amer Sports posted a clean Q2 beat: EPS 22c vs 11c, revenue +32% to $1.633B, and margins ripped higher with $573M net cash. Direct-to-consumer hit a record 55% of revenue and brands like Arc’teryx and Wilson showed broad-based strength. The stock is only +3.2% today and RSI sits at 42, so the market hasn’t fully re-priced the upside. There is meaningful retail expansion and about $400M of capex planned, which mutes some of the margin surprise but the balance sheet covers it. We lean bullish on the print. Conviction 84 — company-specific growth, margin expansion, and DTC momentum give clear upside vs the current price.