On August 15th, a reporter from Beijing News Beike Finance learned that Swiss brand On Run announced its performance for the second quarter and first half of 2024. In the second quarter, the company's net sales increased by 27.8% year-on-year to 570 million Swiss francs (an increase of 29.4% at fixed exchange rates), and profits rose to 31 million Swiss francs.
Divided by channel, during the reporting period, Angpao's retail channel revenue increased by 28.1% to 210 million Swiss francs, while its wholesale channel revenue increased by 27.6% to 360 million Swiss francs. By product, footwear revenue increased by 24% to CHF 540 million; The clothing category saw a 63% increase in revenue to 22 million Swiss francs, making it the fastest-growing category; Accessories revenue increased by 23.6% to CHF 3 million.
Divided by region, the Asia Pacific market has shown outstanding performance, with revenue increasing by 73.7% year-on-year to 59.2 million Swiss francs, making it the fastest-growing region; The revenue in the US market increased by 25% year-on-year to 370 million Swiss francs; Revenue in the European, Middle Eastern, and African markets increased by 22% year-on-year to 140 million Swiss francs.
In the first half of 2024, On Run's sales increased by 24.4% year-on-year to 1.08 billion Swiss francs, an increase of 29.3% calculated at a fixed exchange rate.
According to On Run, they have expanded 25 new stores in the Chinese market in the past year.