On Holding AG reported a 32% increase in second quarter net sales to CHF 749.2 million, with direct to consumer net sales rising 47.2% to CHF 308.3 million. Gross profit margin increased to 61.5% and adjusted EBITDA margin rose to 18.2%. Adjusted diluted earnings per share decreased to CHF (0.09) from CHF 0.14.

The company raised its full-year outlook, expecting net sales to increase by at least 31% year-over-year on a constant currency basis, up from the previous target of 28%. Gross profit margin is targeted between 60.5-61.0%. Co-founder David Allemann credited the 38.2% net sales growth to building a resilient brand.

(Source: https://executives-edge.com/benihana-deal-fires-up-growth-at-the-one-group-hospitality-quarterly-update-report/)

Read more at Yahoo Finance: On Holding Q2 Revenue Soars 32%, Raises Guidance on Strong Momentum