Net income jumped 37% to CHF 162.8 million ($201.0 mm) from CHF 118.9 million in the third quarter, boosted by CHF 52.6 million of IEEPA tariff refunds, as revenues grew by 17% to CHF 931.4 million ($1,149.9 mm) from CHF 794.4 million. Direct-to-consumer sales decelerated, growing a still-impressive 25% CC to CHF 393.3 million, down from 32% growth in the first half, as the company held the line on pricing despite an increasingly promotional marketplace. Wholesale channel sales increased by 13% CC to CHF 538.2 million.

Americas sales grew 12% (+12% CC) ... Log in to view full article.