Amer Sports raises Q3 outlook as Arc’teryx rebounds

Amer Sports Inc. rose after the sporting goods company lifted its sales outlook for the quarter, citing strong momentum at its Salomon and Arc’teryx brands.

The boost marks a reversal of sentiment for its Arc’teryx brand — part of the conglomerate’s technical apparel unit — which saw sales growth drop to the slowest pace on record last quarter.

Chief Executive Officer James Zheng said in a statement that third-quarter results, which close on Sept. 30, will be “led by continued exceptional growth from Salomon Softgoods and an Arc’teryx reacceleration.”

Shares rose as much as 4.6% in premarket trading.

Amer Sports now projects revenue growth in the high 20% range, compared with its earlier forecast of approximately 20%. It also expects its adjusted operating margin to meet or exceed the upper end of its prior 12% to 13% guidance.