Amer Sports Grows Double Digits as Salomon Breaks Out
Net income was $22.4 million in the second quarter against a loss of $1.8 million last year, as revenues jumped 23% to $1,236.3 million from $1,001.4 million, driven by gains in China and the rest of Asia. The big story in Q2 was Salomon’s acceleration in the sneaker market, outperforming in China, the rest of Asia, and Europe, and gaining traction in the U.S. as well. Salomon is the primary driver of AS’s Outdoor Performance segment, which is now expected to be up 22% to 25% this year, in line with ... Log in to view full article.