On Holding AG (ONON) Tops Q3 EPS by CHF 0.04
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On Reports Third Quarter 2021 Financial Results
November 16, 2021 5:00 AM ESTConsumer demand for global sports brand On continued to strongly accelerate in all channels, regions and product categories contributing significantly to Ons hyper-growth. Net sales increased by 68% in Q3 2021 and by 77% in the first nine months of 2021, with the direct-to-consumer business growing 93% in the third quarter. Q3 2021 has been the strongest quarter in the history of On recording net sales of CHF 218.0 million, adjusted EBITDA of CHF 37.9 million and a gross margin of 60.2%, up from 54.5%. This is happening despite the supply chain challenges of the industry. On is expecting net sales of CHF... More
