On Running Posts Positive Revenue Growth in 2023, Falls Short of Analyst Expectations

Swiss performance shoe and apparel company On Running revealed its fourth-quarter and full-year financial results for 2023 on Tuesday, reporting positive growth rates in both periods.Over the full year, On reached net sales of $2.04 billion USD, marking a 55% increase from the same figure in 2022, on a constant currency basis. With a gross profit margin of 59.6%, the company reported a net income of $90.6 million USD.In the fourth quarter, On raked in net sales of $509 million USD, growing by 31...