๐น Revenue: CHF 794.4M (Est. CHF 764M) ๐ข; +24.9% YoY
๐น EPS: CHF 0.36 (Est. CHF 0.27) ๐ข
๐น Adj EBITDA: CHF 179.9M; +49.8% YoY
๐น Gross Margin: 65.7%; +510 bps YoY
FY25 Guide:
๐น Revenue: CHF 2.98B (Est. CHF 2.97B) ๐ข
๐น Adj EBITDA Margin: > 18.0% (Prior 17-18%) ๐ข
๐น Gross Margin: around 62.5%
Q3 Segment Sales
๐น DTC: CHF 314.7M; UP +27.6% YoY
๐น Wholesale: CHF 479.6M; UP +23.3% YoY
๐น EMEA: CHF 213.3M; UP +28.6% YoY
๐น Americas: CHF 436.2M; UP +10.3% YoY
๐น APAC: CHF 144.9M; UP +94.2% YoY
๐น Shoes: CHF 731.3M; UP +21.1% YoY
๐น Apparel: CHF 50.1M; UP +86.9% YoY
๐น Accessories: CHF 13.0M; UP +145.3% YoY
Other Metrics:
๐น Net Income: CHF 118.9M; UP +289.8% YoY
๐น Net Income Margin: 15.0%; UP from 4.8% YoY
๐น Adjusted EBITDA Margin: 22.6%
๐น Cash and Cash Equivalents: CHF 961.8M; UP +4.1% vs. Dec 31, 2024
๐น Net Working Capital: CHF 565.8M; UP +13.4% vs. Dec 31, 2024
Commentary:
๐ธ โThis quarter was another one for the record books, a true showcase of our premium strategy in action.โ
๐ธ โOur focus on operational excellence and technology is making us faster, smarter, and more agile.โ
