On Running Is on Track to Become Billion-Dollar Brand After Strongest-Ever Quarter
November 16, 2022
On, the fast-growing Swiss running brand, just reported its strongest quarter yet.
Q3 sales were up 50.4% to 328 million Swiss francs, or $348 at current exchange, and net income increased to 20.6 million Swiss francs, or about $21.88 million. By channel, DTC net sales were up 40.7% and wholesale net sales were up increased 55.6%. Adjusted diluted EPS increased by 0.01 Swiss franc to 0.07 Swiss francs. FN