Net loss expanded to CHF 170,228,000 ($186.2 mm) in the final quarter from a loss of CHF 27,524,000 on 54% higher revenues of CHF 191,099,000 ($207.3 mm) up from CHF 124,300,000. Direct-to-consumer sales were up 77% to CHF 84.7 million, while wholesale grew 39% to CHF 106.4 million. Sales would have been even stronger, On believes, without the Vietnam factory closures in Q3 constraining inventory. Covid-related shopping restrictions were also a headwind in Germany, Austria and Switzerland in Europe, as well as in Australia and China. In addition, On shifted its spring-summer product launches into Q1 from Q4. Adjusted EBITDA, ... Log in to view full article.