On Shares Soar After the Running Brand Posts Strong First Quarterly Earnings
November 16, 2021
On, the fast-growing Swiss running brand, just reported quarterly results for the first time as a public company. In the third quarter, On reported a net sales growth of 68% to 218.0 million Swiss francs, or about $234 million, and a net income of 13 million Swiss francs, or about $14 million. Shares of the newly-public athletic company rose as high as 22% in the early afternoon on Tuesday. FN
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