Quartz·2 min read·medium
Running shoe maker On's net income jumped 356% last quarter, driven by a surging direct-to-consumer business
✦AI Summary
Running shoe manufacturer On reported a 356% increase in net income for the last quarter, largely driven by strong direct-to-consumer sales. However, growth in the Americas region has slowed compared to previous quarters.
Americas sales grew just 13% in constant currency terms in Q2, slowing from 17% growth the prior quarter
businesseconomy
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