Summary by Futu AI
Amer Sports announced strong performance in Greater China during the Golden Week period (Oct 1-7, 2024), with revenue growth exceeding 60% YoY. The growth was driven by accelerating store sales across its brand portfolio, particularly Salomon, Wilson, and Arc'teryx. This follows a recently announced government stimulus program in China.CEO James Zheng and other management team members attended investor and analyst events in Shanghai on October 8, 2024, as part of the company's shareholder engagement efforts. Zheng provided insights on Amer Sports' long-term growth perspective for Greater China and highlighted the resilience of the outdoor segment despite the weak economy.Amer Sports, a global group of iconic sports and outdoor brands including Arc'teryx, Salomon, Wilson, Peak Performance, and Atomic, generated $4.4 billion in revenue in 2023. The company continues to see significant growth opportunities in China, particularly in the outdoor segment.