), the parent company of brands like Wilson and Salomon, are trading lower on Tuesday despite beating revenue estimates in its first quarter results. The company delivered weaker-than-expected guidance, weighing on the stock. Amer Sports CFO Andrew Page joins the Morning Brief to discuss the results and provide insight into the company's performance and outlook.
Um but as you can see in the first quarter, uh consumers continue, you know, our, our demand continued to be high, especially with uh technical apparel in our art to franchise.So consumers, consumers continue to be uh pretty resilient as well. Yeah, I think um that's a great question, Brett, what happens is I think that the consumers and this has been a migration that's been going on for a few years.And obviously we play on the premium side of the, of the spectrum across all of our brands, whether it be outdoor performance, technical apparel or um or, or a ball and racket sports, you know, much of our equipment uh from a price point is at the high end of the spectrum within its categories.
Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cut -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion.
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