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Finnish sports conglomerate Amer Sports said sales at its Arc’teryx 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 “exceptional growth and profitability” for Arc’teryx.
Net losses were $4 million, a 98 percent decline from the same period in 2023.The company’s shares were up as much as 13 percent on Tuesday.
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