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Article Date: May 2023
Word Count: 402

On Running Raises Guidance after Record Q1

On’s strong momentum continued into 2023 with net income more than tripling to CHF 44.4 million ($48.0 mm) in the first quarter from CHF 14.3 million last year, on record revenues of CHF 420.2 million ($454.3 mm) up 78% from CHF 235.7 million. Wholesale grew 86% to CHF 283.2 million, with most of the gains coming from existing doors, but the test currently ongoing in 58 Dick’s stores is importantly expanding the brands reach to new customers. DKS is also carrying a range of On apparel, it noted. Direct-to-consumer sales increased ... Log in to view full article.


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