On Holding Sees Record Sales and Profit, Beats Expectations
Swiss shoemaker On Holding reported a record-breaking Q3 with sales increasing by 34% to $723 million, beating analyst estimates. Despite a decline in earnings to 17 cents per share, the company’s gross profit margin reached 60.6%, its highest level since the September 2021 IPO. The growth is attributed to a “disciplined approach” to full-price sales … Read more