On Holding AG (ONON) has released an update.
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On Holding AG has reported a record-breaking third quarter, with net sales surging by 32.3% to CHF 635.8 million, driven by a significant boost in its direct-to-consumer channel. The company’s gross profit margin reached a new high of 60.6%, reflecting its strategic focus on full-price sales and brand expansion. With continued strong global demand, On anticipates raising its full-year 2024 net sales growth outlook to at least 32%.
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