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On raised its full-year guidance for the third quarter in a row on Wednesday after the Swiss sportswear company posted another three months of double-digit growth, bucking a slowdown in the sneaker market.

The company, known for its innovative approach to running shoes, is now expecting 2025 sales to reach 2.98 billion Swiss francs ($3.72 billion), up from its previous guidance of 2.91 billion francs, on a reported basis. On a constant currency basis, the company anticipates sales will grow 34% from the prior year, rising from its previous forecast of 31%.

The forecast is slightly above the 2.97 billion francs analysts were expecting, according to LSEG.

"Our focus on premium, on full-price sales, on

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