Shares of Swiss sneaker company On jump as it posts 32% sales growth, hikes outlook
On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam. The buzzy sneaker brand, which has been credited with taking market share from Nike, now expects full-year sales of 2.91 billion Swiss francs ($3.58 billion),…
