Amer Sports, Inc. (NYSE:AS) shares are trading higher after the company reported third-quarter results. Revenue rose 17% (both reported and constant currency basis) to $1.354 billion, exceeding the consensus of $1.

Shares of Amer Sports (NYSE:AS) are rallying into Tuesday’s regular open as the company’s Q3 results beat Wall Street’s expectations on strength in its Arc’teryx franchise, and raised its 2024 guidance again.

While traditional luxury brands are suffering amidst a slowdown in sales, the outdoor sector seems to be faring through the fashion shakeup quite well. Amer Sports, the parent company of Salomon, Arc’teryx and Wilson, has released a redemptive Q3 report, rebounding strongly from a lackluster February IPO with major growth across its portfolio.