Arc’teryx Dominates 2024 with $2 Billion in Sales, Boosting Parent Company Amer Sports to Profitability
Arc’teryx, the renowned technical apparel brand, has reported a stellar 2024 year with sales surpassing $2 billion USD. This success has not only solidified Arc’teryx’s position as a leader in the outdoor industry, but also driven up the sales of its parent company Amer Sports, which reported a strong end to its fiscal year.
Amer Sports Bounces Back with $15 Million USD Net Income, Thanks to Arc’teryx’s Success
After facing a $93 million USD loss in the fourth quarter of the previous year, Amer Sports has made a remarkable comeback with a net income of $15 million USD. This impressive turnaround can be attributed to Arc’teryx’s outstanding performance, which saw a 23% increase in sales during the same period.
Arc’teryx’s Technical Apparel Sales Drive Amer Sports’ Growth, Reaching $745 Million USD
Arc’teryx’s technical apparel sales, which include popular brands like Peak Performance, have contributed significantly to Amer Sports’ growth. This segment saw a remarkable 33% increase, reaching $745 million USD in sales. Other outdoor performance products, such as Salomon, Atomic, and Armada, also saw a 13% uptick, bringing in $594 million USD.
Wilson Leads Amer Sports’ Ball and Racquet Sports Revenue with 22% Increase to $562 Million USD
In the ball and racquet sports category, Wilson has emerged as the top performer, with a 22% increase in revenue, reaching $562 million USD. This impressive growth has contributed to Amer Sports’ overall success and solidified its position as a leading sports and outdoor brand.
Amer Sports CEO Confident in Continued Success, Singling Out Arc’teryx as a “Breakout Growth Story”
James Zheng, CEO of Amer Sports, expressed his confidence in the company’s future success during a call with analysts earlier this week. He specifically highlighted Arc’teryx as a “breakout growth story” with a disruptive direct-to-consumer model and a unique competitive position. Zheng believes that Arc’teryx’s underpenetrated global market and long-term growth potential will continue to drive the company’s success.
Arc’teryx Continues to Thrive, Opening 33 Stores in 2024 and Plans for 200 More
Arc’teryx’s success is not slowing down, as the brand opened 33 stores in 2024 and has plans to open an additional 25 to 30 stores this year. The goal is to have a total of 200 stores in North America, 75 to 100 in Europe and APAC (excluding China), and 150 to 200 in mainland China. This expansion will further solidify Arc’teryx’s position as the heart of the Amer Sports group.
Salomon Exceeds $1 Billion USD in Sales, Expected to Bring Greater Momentum in 2025
Another standout brand within the Amer Sports group is Salomon, which exceeded $1 billion USD in sales last year. With its continued success, Salomon is expected to bring even greater momentum to the company in 2025.
Arc’teryx Continues to Lead Amer Sports to Success, With Long-Term Growth Potential Ahead
Arc’teryx’s impressive sales of over $2 billion USD in the fourth quarter, with womenswear accounting for almost 40% of the company’s sales, solidifies its position as the driving force behind Amer Sports’ success. With plans for continued expansion and a strong global market, Arc’teryx is poised for even greater success in the years to come.
