Arc’teryx has reported a strong 2024 year, posting sales of over $2 billion USD. Due to its success, Arc’teryx drove up the sales of its parent company Amer Sports which reported a strong end to its 2024 fiscal year.
Returning the parent company to profitability, Amer Sports reported a net income of $15 million USD. The company was able to reverse its $93 million USD loss in the fourth quarter from the same period the year prior, gaining 23% in sales. Amer Sports had an adjusted net income of $236 million USD at the end of Q4 which comes to 47 cents a share. Due to its technical apparel sales, which includes sales from brands like Arc’teryx and Peak Performance brands, the segment grew 33% to $745 million USD. Other outdoor performance products which include brands like Salomon, Atomic and Armada, also saw an uptick in 13% to $594 million USD. In their ball and racquet sports revenue, Wilson led the pack to a 22% increase to $562 million USD.
James Zheng, chief executive officer of Amer Sports said, “Fourth quarter was a great finish to a historic year for Amer Sports Group, with strong performance across all segments and geographies. Led by Arc’teryx, our unique portfolio of premium technical brands continues to create white space and take market share with long growth runways still ahead. Given the strong sports and outdoor trend globally and our still underpenetrated brands, I am confident that our talented management team is well positioned to deliver strong results in 2025 and beyond.” Zheng said in a call with analysts earlier this week, singling out Arc’teryx as a “breakout growth story with great growth and profitability for the outdoor industry driven by its disruptive direct-to-consumer model and a unique competitive position. The brand is still very underpenetrated globally with a tremendous long-term growth path ahead.”
Arc’teryx posted posted sales over $2 billion USD in the fourh quarter with womenswear accounting for almost 40% of the company’s sales. Arc’teryx is still considered to be the heart of the group. The brand alone opened 33 stores last year, including eight units in Q4. This year the brand has plan to open an additional 25 to 30 stores with a goal of 200 stores across North America, 75 to 100 in Europe and APAC outside of China and 150 to 200 in mainland China. As for Salomon, the brand exceeded $1 billion USD in sales last year and is expected to bring in greater momentum for this year.
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