On’s Revenues Surge 92 Percent In Fourth Quarter
March 21, 2023
On Holding AG significantly decreased its loss in the fourth quarter ended December 31 as sales vaulted 91.9 percent. For the current year, the Swiss running brand predicts sales will grow 39 percent.
On finished the 2022 financial year on a high note and with a further record net sales quarter. The exceptional ongoing momentum across all regions, channels and product groups, combined with a normalization of product supply and significantly improved inventory position versus twelve months ago, has set On up to hit the ground running in 2023. Compared to a supply-constrained first quarter of 2022, On expects a net sales growth rate of 61 percent in the first quarter of 2023 versus the prior year period. SGB Media