This Sports Stock Gained $1.1 Billion in a Day, Racing Ahead of Earnings

Amer Sports Inc. (AS), the U.S.-based sports and outdoor brand group, closed at $37.51 on the New York Stock Exchange on February 6, up 5.07% from the previous day. Trading volume rose to approximately 2.19 million shares, and its market capitalization expanded to about $20.8 billion (roughly KRW 27 trillion), a single-day increase of around $1.1 billion (KRW 1.4 trillion).

On January 27, the company announced it would redeem $80 million of its 6.75% senior secured notes due 2031 on February 6, part of a move to strengthen its financial structure. Amer Sports is scheduled to release its fourth-quarter and full-year 2025 results on February 24. In a recent filing, French asset manager Machina Capital disclosed that it sold about 51,000 shares during the third quarter, cutting its stake in Amer Sports to below 75%.

Founded in Finland, Amer Sports owns premium brands such as Arc’teryx, Salomon, and Wilson. After being acquired by a consortium led by China’s Anta Sports in 2019, the group was relisted on the NYSE in February 2024. Growing demand for winter sports and outdoor gear, coupled with the positioning of high-end Arc’teryx products as “quiet luxury” in China, are seen as key factors that could shape the company’s future earnings and share price.