Net income nearly quadrupled to CHF 118.9 million ($148.6 mm) from CHF 30.5 million for the third quarter on sales that jumped 25% to CHF 794.4 million ($993.0 mm) from CHF 635.8 million, easily topping guidance. Direct-to-consumer sales improved 28% to CHF 314.7 million while wholesale grew 23% to CHF 479.6 million. The bottom line was helped by an 86% reduction in foreign exchange loss to just CHF 6.1 million this year. DTC continued to benefit from better e-commerce and brick-and-mortar synergies, driving a higher lifetime value from omnichannel customers. Wholesale ... Log in to view full article.