Amer Sports Reports Fourth Quarter and Fiscal Year 2023 Financial Results and Provides 2024 Outlook and Long-Term Financial Algorithm
Amer Sports Inc. (NYSE: AS) (“Amer Sports” or the “Company”) today announced its financial results for the fourth quarter and fiscal year 2023.
- Amer Sports Inc. (NYSE: AS) (“Amer Sports” or the “Company”) today announced its financial results for the fourth quarter and fiscal year 2023.
- By channel, DTC expanded 37% led by Technical Apparel in Americas and Greater China, with strength in both stores and online.
- Operating profit for 4Q 2023 was $60 million compared to operating loss of $58 million for 4Q 2022.
- SG&A deleverage drove a 215 basis point decline in 4Q 2023 adjusted operating profit margin to 10.4% compared to 4Q 2022.