Amer Sports (AS) said late Wednesday it is updating its long-term financial algorithm and financial guidance for Q3.

The long-term financial algorithm assumes the previously issued guidance for the year ending Dec. 31, 2026 as the base year and a duration of 5+ years, the company said.

The company expects a low-double digit to mid-teens annual revenue compound annual growth rate, annual adjusted operating margin expansion of 30 to 70+ basis points, and an effective tax rate of approaching 25%.

Amer Sports said it now expects Q3 revenue growth of 20% to 22%, up from the prior guidance of 18% to 20% and adjusted operating margin to be slightly above the high-end of the earlier range of 13.5% to 14%.