Amer Sports (AS) Provides Business Update

Amer Sports, Inc. (NYSE: AS), a global group of iconic sports and outdoor brands, announced today that its CEO James Zheng, along with other members of the Amer Sports management team, attended events with investors and research analysts in Shanghai, China on October 8, 2024 as part of the company's commitment to shareholder engagement. During the meeting, Mr. Zheng provided color on both the Company's long-term growth perspective for Greater China as well as an update on sales performance for Greater China as it relates to Golden Week (October 1, 2024 through October 7, 2024), which followed the recently-announced government stimulus program.

Amer Sports' Greater China revenue growth exceeded 60% year-over-year for the seven-day Golden Week period with strength across the portfolio driven by accelerating store sales at Salomon, Wilson and Arc'teryx. The Company continues to see an outsized growth opportunity in China, notably in the outdoor segment, which has been resilient despite the weak economy.

You May Also Be Interested In

• Cloudastructure grows sales team by 30% to meet enterprise demand
• Stitch Fix adds self-image feature to its AI styling platform
• Avis Budget shares fall as rival Hertz cuts guidance, announces capital raise