Amer Sports’ China Revenue Jumps 47% in Third Quarter Despite Arc’teryx Fireworks Controversy(Yicai) Nov. 19 -- Amer Sports, which owns the Arc’teryx, Salomon, and Wilson brands, logged a 47 percent increase in third-quarter revenue from the Chinese market despite a public backlash over a fireworks display staged in the Himalayas by Arc’teryx two months ago. The Finnish sporting goods firm said it remains confident in the market.
China revenue was USD462 million in the three months ended Sept. 30, ranking second only to the Asia-Pacific region ex-China, which jumped 54 percent, the Helsinki-based firm’s earnings report showed yesterday. For the first three quarters of the year, revenue from the Chinese market reached USD1.3 billion, a 44 percent gain.
“Arc'teryx China's sales trends were softer at the beginning of Q4 but have since rebounded as the weather has cooled,” Arc’teryx Chief Executive Officer Stuart Haselden said on an earnings conference call. “We’re confident in our Arc'teryx's brand position and equity with consumers across all of our markets.”
Arc’teryx, which makes high-performance outdoor clothing and equipment, teamed up with Chinese fireworks artist Cai Guoqiang to stage a fireworks show in the Himalayas in China’s Xizang Autonomous Region in September. The event sparked a public outcry over environmental damage, and it led to Amer’s share price falling over several consecutive days.
“We regret our involvement and are working closely with the local authorities to address the impacts,” Amer CEO James Zheng said on the earnings call. “We remain deeply committed to our community and the consumers and are taking actions to ensure we do better going forward.”
Quarterly net profit at Amer, in which a consortium led by China’s Anta Sports Products has a controlling stake, surged 156 percent to USD143 million on a 30 percent jump in revenue to USD1.8 billion. Both figures were record highs for a single quarter.
Amer [NYSE: AS] closed 8.5 percent higher yesterday at USD33.36 per share, extending the stock’s gain to 19 percent from the end of last year.
“Based on the Q3, we got a good level of foundation to finish the whole year in China with a very solid growth status,” Chief Financial Officer Andrew Page said. “We already mentioned our three major brands -- they all got the unique position in China, which really attracts a lot of younger consumers in different segments.
“We are quite optimistic also for 2026 in China markets,” he added.
Editor: Tom Litting