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Arc’teryx, Salomon parent is doing what Nike isn’t: growing ‘very well’ in China - MarketWatch

1. Amer Sports' stock hit record highs after strong sales growth in China. 2. Sales of Salomon footwear and Wilson Tennis shops grew significantly in China. 3. Amer Sports expects revenue in China to increase by strong double digits. 4. First-quarter revenue rose 23% to $1.47 billion, surpassing expectations. 5. Nike reported a 17% drop in China sales amid higher tariff concerns.

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FAQ

Why Very Bullish?

Amer Sports is outperforming rivals like Nike, showcasing strong growth metrics. Similar examples can be seen in cases where companies focused on growing regions outperformed their peers.

How important is it?

The bullish sales growth in a crucial market like China signifies strong demand and operational success, influencing investor sentiment positively.

Why Short Term?

The immediate impact is seen in stock price and quarterly performance indicators. However, long-term sustainability needs further performance in subsequent quarters.

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