Apparel, footwear, fitness boost Amer’s 3Q sales; wintersports equipment stabilizing
Arc'teryx, Salomon apparel and footwear sales, along with Precor fitness equipment helped parent company Amer Sports in the third quarter.
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Amer Sports, parent to Salomon, Arc’teryx, and Atomic brands reported its third-quarter 2014 outdoor and wintersports sales up 8 percent to Euro 452.2 million ($572.5 million), largely fueled by gains in apparel and footwear.
Footwear sales in the segment rose 18 percent to Euro 117.9 million ($149.3 million) as Arc’teryx joins Salomon in the footwear category at retail next spring. Apparel sales were up 11 percent to Euro 117 million ($148.1 million) on strong sales from Arc’teryx, officials said. Wintersports equipment sales fell by 1 percent to Euro 150.8 million ($190.9 million) as sales gains in alpine couldn’t offset declines in cross-country and snowboarding categories. Despite the wintersports equipment drop, officials seemed pleased with the results, saying they had stabilized supply and inventory levels heading into this season.
Overall Amer Sports, which also includes its fitness and ball sport segments, saw its third-quarter sales rise 6 percent to Euro 645.8 million ($817.5 million), while its quarterly net profit slipped to Euro 43.8 ($55.5 million) versus Euro 54.8 ($69.4 million) during the same period a year ago.
Fitness sales, which largely comprise of Amer’s Precor fitness equipment brand, rose 13 percent to Euro 80.7 million ($102.2 million), and ball sports dropped 3 percent to Euro 112.9 ($142.9 million).
