🔹 Revenue: CHF 794.4M (Est. CHF 764M) 🟢; +24.9% YoY
🔹 EPS: CHF 0.36 (Est. CHF 0.27) 🟢
🔹 Adj EBITDA: CHF 179.9M; +49.8% YoY
🔹 Gross Margin: 65.7%; +510 bps YoY
FY25 Guide:
🔹 Revenue: CHF 2.98B (Est. CHF 2.97B) 🟢
🔹 Adj EBITDA Margin: > 18.0% (Prior 17-18%) 🟢
🔹 Gross Margin: around 62.5%
Q3 Segment Sales
🔹 DTC: CHF 314.7M; UP +27.6% YoY
🔹 Wholesale: CHF 479.6M; UP +23.3% YoY
🔹 EMEA: CHF 213.3M; UP +28.6% YoY
🔹 Americas: CHF 436.2M; UP +10.3% YoY
🔹 APAC: CHF 144.9M; UP +94.2% YoY
🔹 Shoes: CHF 731.3M; UP +21.1% YoY
🔹 Apparel: CHF 50.1M; UP +86.9% YoY
🔹 Accessories: CHF 13.0M; UP +145.3% YoY
Other Metrics:
🔹 Net Income: CHF 118.9M; UP +289.8% YoY
🔹 Net Income Margin: 15.0%; UP from 4.8% YoY
🔹 Adjusted EBITDA Margin: 22.6%
🔹 Cash and Cash Equivalents: CHF 961.8M; UP +4.1% vs. Dec 31, 2024
🔹 Net Working Capital: CHF 565.8M; UP +13.4% vs. Dec 31, 2024
Commentary:
🔸 “This quarter was another one for the record books, a true showcase of our premium strategy in action.”
🔸 “Our focus on operational excellence and technology is making us faster, smarter, and more agile.”
