Amer Sports 2Q Boosted by One-Time Tariff Refund

Dow Jones08-18 23:18

1117 ET - Amer Sports received a nice tailwind to profit thanks to a one-time net tariff refund. The quarter's gross margin increased 710 basis points to 65.8%, "primarily driven by a one time net tariff refund benefit of $64.3 million or 390 basis points," CFO Andrew Page says in an earnings call. This gave EPS an 8 cent boost. Excluding the tariff windfall, underlying gross margin still expanded by over 300 basis points, "driven by favorable pricing product channel and region mix." The refund, from Section 301 submissions, directly enabled management to raise full-year gross margin guidance to 60.5%-61%. For the remainder of 2026, Amer Sports assumes existing Section 301 tariff rates will stay in place, with further refund impacts expected to be negligible.

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