Overview
- Q3 revenue rose 24.9% to CHF 794.4 million and adjusted EPS reached CHF 0.43, beating Wall Street forecasts on both metrics.
- Profitability strengthened with gross margin at 65.7% and net income up 289.8% to CHF 118.9 million, supported by healthy DTC and wholesale growth.
- Full‑year guidance increased to about CHF 2.98 billion in sales and roughly 34% constant‑currency growth, with gross margin now targeted around 62.5% and adjusted EBITDA margin above 18%.
- Asia‑Pacific led performance with sales more than doubling on a constant‑currency basis, while the Americas grew 21% as the brand broadened into categories like tennis and training.
- Management affirmed a full‑price holiday strategy with no Black Friday discount and highlighted product innovation and athlete validation, including LightSpray technology and Hellen Obiri’s NYC Marathon win.