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» Record-Breaking Success: On Running Achieves Seventh Consecutive Quarter of Stellar Growth
2023-11-17
source www.on-running.com
Record-Breaking Success: On Running Achieves Seventh Consecutive Quarter of Stellar Growth
2023-11-17
source www.on-running.com
On Running, the Swiss running gear specialist, has marked yet another milestone with its seventh consecutive record-breaking quarter. In Q3 2023, the company witnessed a significant surge in net sales, increasing by 46.5 percent compared to the same period in the previous year. This remarkable performance has led to an upward revision of the full-year forecast, now aiming for a total of 1.86 billion euros in revenue.
During the third quarter of 2023, On Holding AG experienced the most robust quarter in its history. Net sales soared by 46.5 percent (or approximately 58 percent when adjusted for constant exchange rates), reaching 498.16 million euros. The direct-to-consumer (DTC) segment led this growth, with an impressive 54.6 percent increase.
Reflecting on this achievement, a company spokesperson stated, "The third quarter not only marks our seventh consecutive record-breaking quarter but also stands as the most successful quarter in On's history across various performance indicators. We owe a huge debt of gratitude to our dedicated team for their relentless efforts towards our collective mission. The On brand's momentum in footwear, apparel, and accessories continues to drive robust sales growth across all our distribution channels.
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