As it plots 'significant expansion,' On will partner with Dick's and launch new products

Retail Dive

On, which went public in September last year, has big plans for the year ahead after an IPO that raised its brand awareness and brought in 690 million Swiss Francs (about $740 million at the time of publish) in proceeds.

Those losses were mostly driven by stock compensation tied to its IPO, and Telsey Advisory Group Managing Director and Senior Research Analyst Cristina Fernández noted that “sales, gross margin and adjusted EBITDA all came in above our expectation. The company also raised its 2022 outlook. So all in, the report was very positive and the brand has a lot of momentum with increasing brand awareness and new product introduction.”

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