Amer Sports, Inc. reported on Tuesday it saw first-quarter revenue rise 23 percent year on year to $1.47 million, surpassing analyst expectations.

The results were driven by demand for Arc’teryx and Salomon products as well as strong performance in its technical apparel, whose revenue rose 28 percent to $633 million, and outdoor performance, which lifted 25 percent to $502 million.

The company raised its 2025 financial outlook, with revenue in the fiscal year ending Dec. 31 expected to grow 15 to 17 percent. The company has beaten revenue estimates four times in the most recent four quarters.

In addition, CFO Andrew Page said that he expects tariffs to have a “negligible” impact on the company’s profit guidance, adding that its current momentum, “strong pricing” positions and wide retail footprint will allow it to offset higher costs.

Following the announcement, shares surged 19.05 percent on Tuesday.

Amer Sports raised $1.6 billion last year when it completed its initial public offering. In 2024, the athletic apparel and equipment company saw net income of $73 million with full-year revenue of $5.18 billion.

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Salomon and Arc’teryx-Owner Amer Sports Reports Growing Sales and Profits

The group cited the continued strength of its flagship brand, Arc’teryx, and strong performances across its portfolio in China.