Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs

On sales rose 32% in the Swiss sportswear company's second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam. The buzzy sneaker brand, which has been credited with taking market share from Nike, now expects full year- sales of 2.91 billion Swiss francs ($3.58 billion), up from its previous outlook of 2.86 billion francs ($3.52 billion). That's in line with Wall Street expectations of 2.92 billion francs ($3.59 billion), according to LSEG ...