Zendaya credited for helping On sneakers hit record first quarter |
Zendaya credited for helping On sneakers hit record first quarter
Apparel sales surged 45% and Asia-Pacific grew 61% as the Swiss sneaker brand posted its highest-ever quarterly revenue
On Holding raised its full-year profit forecast after posting record first-quarter net sales of CHF 831.9 million ($1.07 billion), up 14.5% from a year earlier, or 26.4% on a constant currency basis — the first time the company has exceeded CHF 800 million in a single quarter.
For the full year, On lifted its gross profit margin target to a minimum of 64.5% from 63% previously, and nudged its adjusted EBITDA margin guidance to between 19.5% and 20%, compared with the prior........