Logo of Swiss shoemaker On is displayed in a shop in Zurich, Switzerland, Aug. 28, 2025. Denis Balibouse | Reuters Swiss sneaker company On saw more strong growth during its first quarter, beating Wall Street's expectations on the top and bottom lines even as direct-to-consumer revenue fell short of forecasts.  During the quarter ended March 31, On's direct-to-consumer sales, revenue from its own website and stores, grew 16.4% to 322.3 million Swiss francs (US$414.2 million), falling short of the 326 million francs analysts had expected, according to StreetAccount.  Meanwhile, revenue from its less profitable wholesale channel increased by 13.3% to 509.6 million francs, beating expectations of 499 million francs, according to StreetAccount.  In a news release, the company said "even against an uncertain macroeconomic backdrop," it decided to raise its profitability outlook and reiterate its 2026 net sales growth forecast. "That's not particularly aimed at the consumer ....…