On Raises Annual Gross Margin Forecast After Strong Quarterly Sales
On raised its annual gross margin forecast after third-quarter sales beat estimates, citing demand for its premium shoes and apparel driven by new product launches and celebrity collaborations.
Sportswear brand On NYSE:ONON raised its annual gross margin forecast after beating third-quarter sales estimates on Tuesday, as new product launches and celebrity collaboration efforts drove demand across its premium shoes and apparel collections.The company has grown fast and expanded its store f…