From Yahoo Finance: 2025-05-20 15:26:00

Amer Sports, the sports apparel and equipment conglomerate, reported strong earnings, beating expectations and raising full-year guidance despite tariffs. The stock has nearly tripled since its IPO last year. Revenue increased by 23% in the first quarter, with adjusted earnings per share nearly tripling to $0.27, outperforming analyst expectations.

The company, founded in Finland in 1950, has transformed into a global sports giant. Amer raised revenue and earnings guidance for 2025, citing potential tariff impacts and strategies to mitigate them. Profits surged due to growth in China, North America, and Europe, as well as debt reduction post-IPO.

Shares of Amer now trade around 50 times this year’s earnings guidance, indicating a high valuation. Despite this, the company’s rapid growth potential could lead to significant earnings growth. Investors should consider other top stocks identified by The Motley Fool for potential high returns.

Read more: Why Amer Sports Rocketed Higher Today