On Running Guides for At Least 27% Sales Growth
Lapping last year’s currency headwinds, ONON’s net income was CHF 89.5 million ($101.7mm) in the final quarter against a loss of CHF 26.8 million, as revenues jumped 36% to CHF 606.6 million ($689.3 mm) from CHF 447.1 million and would have been up 41% constant currency. Sneakers continue to account for the vast majority of revenues, growing 34% to CHF 568.8 million, apparel gained 78% to 32.6 million, and accessories were up 80% to 5.2 million. Direct-to-consumer outperformed, growing 43% to CHF 296.2 million, closing in on the wholesale channel, which ... Log in to view full article.