For the three months ended June 30, 2026, net sales rose 13.5% to CHF 850.3 million, driven by faster direct-to-consumer growth.
Direct-to-consumer sales increased 26% to CHF 388.4 million on higher brand awareness, stronger e-commerce traffic, store productivity, retail expansion.
Wholesale sales grew 4.8% to CHF 461.9 million, helped by distributor growth, limited by disciplined sell-in in a more promotional Americas market.
Gross margin widened to 65.4% from 61.5% on freight efficiencies, richer direct-to-consumer mix, pricing power, favorable FX, partly offset by higher US import duties.
Net income swung to CHF 105 million from a loss of CHF 40.9 million, supported by improved operating result and sharply lower FX losses.
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