Amer Sports: Strong Performance And Guidance

Robert Way/iStock Editorial via Getty Images I published my initial thesis on Amer Sports (NYSE:AS) in March of this year. Back then, I argued that while the company has a wonderful collection of iconic brands, the stock price is simply too expensive. Since then, the stock was down almost 10%. Amer Sports reported Q2 2024 results on August 20th before the bell. Both revenue and earnings beat analyst estimates. Furthermore, management raised guidance for FY 2024. The stock soared more than 10% after earnings ...