Shares of Amer Sports (AS), 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.

Page acknowledges that while the consumer is getting "more healthy," there is an ongoing "sentiment issue," prompting the company's cautious guidance. Despite the sentiment challenges, Page emphasizes that the first quarter solidified the fact that "their demand continues to be high."

Page also highlights a notable pattern across industries: consumers are beginning to "migrate toward premium" offerings. He notes that Amer Sports' products align well with this trend, sustaining demand. Pertaining to Amer Sports in particular, Page states, "Consumers continue to still take care of their health and take care of their ability to exercise, their ability to feel good, and our products play in that space very well."

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This post was written by Angel Smith