Amer Sports Sees FY24 Adj EPS Of $0.40-$0.44 Vs. $0.40 Prior Vs. $0.40 Estimate
Portfolio Pulse from Benzinga Newsdesk
Amer Sports has updated its guidance for FY24, projecting adjusted EPS of $0.40-$0.44, with revenue growth of 15-17% and a gross margin of approximately 54.5%. The company expects strong growth in its Technical Apparel segment.
August 20, 2024 | 10:43 am
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Amer Sports projects FY24 adjusted EPS of $0.40-$0.44, with revenue growth of 15-17% and a gross margin of approximately 54.5%. The Technical Apparel segment is expected to see over 30% revenue growth.
The updated guidance indicates a positive outlook for Amer Sports, with expected revenue growth and strong performance in the Technical Apparel segment. This is likely to have a positive impact on the stock price in the short term.
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