Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs
1. On's sales surged 32%, exceeding Wall Street expectations. 2. Adjusted revenue forecast raised to 2.91 billion francs for the year. 3. Gross margin improved to 60.5-61%, showcasing strong profitability potential. 4. Price increases have not dampened consumer demand, signaling effective strategy. 5. China's sales rose 50%, indicating strong growth potential in key markets.