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Article Date: November 2023
Word Count: 553

On Running Bumps Full-year Outlook after Record Q3

Soundly exceeding its own guidance, the Swiss running brand’s net income nearly tripled to CHF 58.7 million ($66.4 mm) from CHF 20.6 million in Q3, on revenues that soared 46% to CHF 480.5 million ($543.6 mm) from CHF 328.0 million and would have been up 58% on a constant currency basis. While not as bad as Q2’s impact, foreign exchange result was negative CHF 13.8 million against CHF 15.3 million in income a year before. Adjusted EBITDA reflected that with a more modest 44% improvement to CHF 81.3 million from CHF ... Log in to view full article.


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