亚玛芬体育:户外赛道标杆集团

天风证券
May 24, 2025

公司发布25 年第一季度业绩营收15 亿美元,同比+26%(固定汇率,下同),调整后毛利率58%,同比+3pct,调整后OPM16%,同比+5pct,调整后净利1.5 亿美元,同比+196%,摊薄后EPS 0.27 美元。公司业绩强劲,收入和利润均超预期,得益于始祖鸟和Salomon 鞋类市场加速以及冬季运动装备业绩扎实,同时FY25Q2 延续强劲势头。户外性能盈利改善显著,大中华区领跑分品类,...

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