Overview
- Revenue rose 24.9% to CHF 794.4 million and adjusted EPS reached CHF 0.43 as gross margin expanded to 65.7% and net income climbed 289.8%.
- The company lifted full-year guidance to about 34% constant-currency sales growth and now targets roughly CHF 2.98 billion in revenue, with gross margin guided to around 62.5% and adjusted EBITDA margin above 18%.
- Asia-Pacific led growth with sales more than doubling on a constant-currency basis, highlighted by a China single-day record during Double 11 without discounting.
- Management said it will keep products at full price through the holidays with no Black Friday deal, citing brand power reinforced by LightSpray innovation and elite wins such as Hellen Obiri’s NYC Marathon victory.
- Shares surged roughly 18% to 20% on the results and outlook, closing up 17.99% at $41.51.