Arc'teryx and Salomon Owner Amer Sports Reports 16% Uptick in Sales for Q2

Amer Sports - the Finnish conglomerate that owns Salomon, Arc'teryx, Wilson - has raised its guidance for 2024 after surpassing its initial expectations for Q2.The company reported a 16% increase in sales since the same period last year, equating to $994 million USD. Analysts had previously forecast a growth of 10% in the company's revenue.Amer Sports attributed its successful Q2 to technical apparel sales, for which revenue was up 34%, coming out to $407 million USD. The outdoor performance sec...