Amer Sports, Inc.

Hello, everyone. Thank you for joining us and welcome to the AMR Sports second quarter 2026 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Omar Saad, head of investor relations and capital markets. Please go ahead.

Welcome, everyone. Thanks for joining Omar's Sports Earning Call for the second quarter of fiscal year 2026. Earlier this morning, we announced our financial results for the quarter ended June 30th, 2026, and the release can be found on our IR website, investors.omarsports.com. A quick reminder to everyone that today's call will contain certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements reflect our current expectations and beliefs only. They are subject to certain risks and uncertainties that could cause actual results different materially. Please see the safe harbor statement in our earnings release and SEC filings. Please refer to our earnings release for important information regarding such non-IFRS financial measures, including reconciliations to the most comparable IFRS financial measures. will also walk through our updated guidance. Arc'teryx CEO Stuart Hazelden and Salomon CEO Iom Mizank will join for the Q&A session. With that, I'll turn the call over to James.

Thanks, Omar. Our global momentum continued in the second quarter, with over 30% revenue growth and a strong operating margin expansion. All segments, geographies, and channels achieved strong double-digit growth, led by another exceptional quarter from Salomon Softgoods, a strong Actelix Omnicom, and a Wilson Tennis 360 acceleration. We manage a portfolio of sports and outdoor brands that's very unique in the marketplace. And all three of our primary growth engines, Actelix, Salomon Softgoods, and the Wilson Tennis 360 are still relatively small with significant room to grow. First, I will recap key highlights from our three segments, starting with technical apparel. Acterys delivered another great quarter with broad-based strengths across regions, channels, and categories, including another exceptional performance in women's. Strong DTC momentum also continued, driven by a 17% technical apparel Omnicom. We believe Actelix is a truly global brand with significant runway in all major markets and are encouraged by the strong double-digit growth across all four regions in Q2. The brand also resonates strongly across categories and consumer segments. I want to highlight our momentum in women's, which grows faster than any other category for Actelix. Our confidence in the size and the scale of our women's opportunity is very large. Brand awareness and affinity with women is rising significantly as we improve fit, style, and function, and also build expanded assortments. Redesigning our core ABCD models for her, plus expanding feminine color palettes is driving higher female traffic and conversion. In Q2, Newness and seasonal colorways generate over 60% of women's sales. Standout new franchises include the Sinsora and Aurea lightweight hiking styles, and also the Sony utility vest and jacket. Our remarkable success in women's bottoms with franchises like the Clark Hair, Lutier, and the Near Pants is helping us unlock the female consumer from head to toe, driving higher overall spend. Turning to footwear, which had another great quarter, including strong double-digit clothes across regions, led by both existing and new styles. Popular existing styles included Northern LD4 trail shoe, which continues to be our biggest volume driver, followed by the Conceal trekking shoes. In March, we launched the latest version of our technical trail racing shoe, the Silent 2, performing very well so far. And we are excited to have eight Acterys trail run athletes competing in the UTMB race in Chamonix next week. Looking forward, we are confident that Acterys has an exciting pipeline of shoe releases for the upcoming years. Turning to our valence sub-brand, which had a solid growth in Q2 on our small base, we continue to focus on investing newest First, developing our collections and expanding distributions, all of which is creating engagement and awareness in the marketplace. Turning to security and rebirth, which continue to be at the heart of Acterys. In Q2, we added five new rebirth centers, bringing us to 47 total. Later this month, we will unveil an important new innovation, which combines our passion for security with uncompromised technical performance. On Mountain, our renowned Chamonix Alpine Academy was again a great success in July with over 15,000 visitors in the village over the weekend and more than 1,000 attendees in clinics. Our mountain academies are the worst premium mountain education events and a space for mountain enthusiasts of all levels to advance their skills and the knowledge through clinics on the mountain. We are especially proud that women now account for half of the academy participants. Turning to peak performance, which delivered solid growth in Q2, The brand continues to reduce its Nordic dependency and is rationalizing its footprint in the region, while seeing healthy growth in other parts of Yimei. For both Peak Performance and our winter sports equipment brands, we are excited that Freeride Ski will become an Olympic sport at the 2030 Games. Peak Performance sponsored the Freeride World Tour and our ski equipment brand sponsor many of the professional freeride skiers. Now, turning to the outdoor performance segment, which was led by another outstanding quarter from Salomon Softgoods. The investments we are making to grow Salomon brand awareness and the distribution footprint are paying off, driving strong footwear momentum across regions, channels and for both sport style and the performance products. I'd like to highlight a few factors that give us confidence that Salomon is well positioned to achieve its long-term potential. Number one, global sports style momentum continues. Sports style is critical to developing Salomon's position as the modern outdoor sneaker brand. The XD6 and XD Whisper franchises are resonating with the younger and more diverse audience, from technical sports in the mountains to culture and the community in the cities. We were excited to announce that Jisoo, the global superstar singer and actress, will be Salomon's new global ambassador. The news had amazing global coverage, reaching nearly a billion consumers across social platforms. Second, our performance lines are also working well. We continue to believe our new Gribble franchise is helping to unlock the run category for Solomon like never before. Solomon is gaining traction in the run specialty channels in North America and the email. In July, we launched the Arrow Brace 4 with a re-engineering upper using new mesh technology. We also recently launched the second generation of a Genesis, a highly technical trail shoe. Salomon athletes were winning race in Q2, including Courtney DeWaters earning her fourth hard-lop one-handed title, validating Salomon's technical merit on the hardest trails. Sir, Salomon continued to have excellent brand heat in Great China and Asia, where we believe we operate the most productive and profitable sneaker shops in the industry. We, China, continue to deliver very strong double-digit growth in Q2, driven by strengths across sports styles, performance, and apparel. Our local-for-local apparel and accessories lines in China, with technical products inspired by outdoor and trail runnings, has also been gaining traction the past few quarters. Beyond China, Salomon is also expressing surging demands in Korea and Japan, very important markets given their influence on global sneak culture. Fourth, our epicenter strategy is working. Focusing on key global metro market is allowing us to build up Salomon's reach and presence in the right way. Our tier one global epicenter, Paris, London, Shanghai, Beijing, Tokyo, New York, and the researchers are all driving very strong sales momentum as well as rising brand awareness. We approach these markets by opening a handful of impactful brand stores in the most relevant locations, alongside hand-picked elevated wholesale doors. In these markets, we also invest in event partnerships, community activations and the local media to build a strong and lasting connection We plan to adopt and expand this approach to several new major cities in the future, including Berlin, Seoul, Miami, San Francisco, Chicago, and Boston. Fifth is the strong demand we are experiencing in our home market Europe, driving strong pre-orders and sales rules. Sports style continues to be the biggest growth driver But Gravel is also inflecting in Europe, supported by marketing campaigns, in-store events, and running event activations. Also, we are seeing high e-commerce growth in Europe, even as we expand our premium DTC and wholesale footprint. In markets, we have been very active, hosting a Gravel-focused running event called Gravelanza, sponsoring music, and the artists' collaborations. And most recently, we began a unique partnership with the National Opera House of Paris to outfit their dancers. Lastly, I will mention the U.S., which is the largest single sneak market in the world, but still a small business for us. We know there is a strong demand for Salomon here, but still very limited distribution for consumers to find us. Today, we are seeing a clear acceleration in North America as we leverage the rising brand awareness to expand its distribution with both new and existing wholesale partners, as well as our own stores and e-commerce. In Q2, we opened our first North America flagship stores on 5th Avenue in the Flatiron District of New York City, offering both footwear and apparel. and we continue to carefully expand our footprint and shelf space in existing wholesale partners, including Nord Stream, JD Sports and Foot Lock. Lastly, before I switch to ball and racket, although Q2 is a very small quarter for our winter sports equipment franchise, Salomon, Atomic and Armada, we are pleased that our brands continue taking share despite challenging conditions in certain markets. Moving to ball and racket highlights. Ball and racket sales grew 24% in Q2, driven by continued strength in tennis 360. Both soft goods and rackets, as well as improved growth in baseball, golf, and inflatables. Our tennis 360 strategy continues to resonate very well with consumers, from unique lines of tennis apparel and footwear to high-performance rackets. Wilson had a couple of very big record launches this spring, including a Cuban rollout of our iconic Braid franchise, version 10. This has been one of the strongest launches in our history, and also the record for world number one Arena Sabrenka. We also recently launched a completely new racket line called the Defy. This is our first-ever power spin racket, which has been a growing segment of the racket market. Early results from the Defy are even exceeding the Braid V10 launch I just mentioned. We continue to invest in new tour players, recently signing four more World Top 5 players, Hogar Room, and the 17-year-old rising star, Moise Cormier, both playing the defined ranking. Marta Kostjak, one of our highest-profile head-to-toe athletes, has been creating great buzz for the brand with her unique Western tennis outfits, reaching the semifinals at both Roland Garros and Wimbledon. Wilson Soft Goods continued its exceptional trajectories with very strong growth across all four major regions. Also, baseball, golf, and inflatables saw improved growth in the quarter. Before turning it over to Andrew, I'd like to conclude by saying that given the broad-based momentum across our portfolio, The healthy and growing premium sports and outdoor markets and the world-class teams we have in place around the world. I'm very confident in the future outlook for Amersports. Andrew?