Amer Sports Rides Arc’teryx, Asia to Q3 Gains
Benefiting from more than $60 million lower interest expense, profits attributable to shareholders improved to $55.8 million in Q3 from a loss of $37.7 million last year, as revenues jumped 17% to $1,353.8 million from $1,153.1 million with every segment and geography higher. Wholesale accounted for $874 million, up 8%, while direct-to-consumer sales shot up 41% to $480 million. Store count has grown rapidly over the past year, with an 18% increase in Technical Apparel stores to 212, a 69% larger Outdoor Performance fleet at 196, and five times as many ... Log in to view full article.