Finnish sports conglomerate Amer Sports said sales at its Arcâteryx and Salomon brands grew by double-digit percentages, helping the company narrow its losses and beat Wall Street revenue expectations.
Amer reported revenue of $994 million for the quarter ended July, up 16 percent from the same period last year.
The company also credited heightened demand in China for driving âexceptional growth and profitabilityâ for Arcâteryx.
Net losses were $4 million, a 98 percent decline from the same period in 2023.The companyâs shares were up as much as 13 percent on Tuesday.
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