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Performance shoes uptake pushes On to another record

16/08/2023
Performance shoes uptake pushes On to another record

Swiss brand On has reported its sixth consecutive record quarter, reaching net sales of CHF 444.3 million (£400 million) in the second quarter of the year, a growth rate of 53%.

Profits were also up 60%, partly reflecting the discontinuation of air freight usage, which had weighed on profitability during the first half of 2022.

On is raising its outlook for net sales to reach at least CHF 1.76 billion in the fiscal year 2023, an increase of 44%.

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