Profile
Sector:
Consumer CyclicalIndustry:
Footwear & AccessoriesCountry:
SwitzerlandIPO:
15 September 2021Website:
http://www.on-running.comNext earnings report:
12 March 2025Last dividends:
N/ANext dividends:
N/APrice
regular market | 9 min agoDividend
Analysts recommendations
Institutional Ownership
ONON Latest News
On Holding is gaining momentum and has a long runway of growth ahead.
After some retail stocks were hit with relatively bearish price action, some investors might be weary of looking into the space for a new potential investment. That might make sense for those looking to avoid unnecessary risks, but keeping that attitude after last week's rally in the overall market could be a mistake.
Shares of On Holdings have continued their 100%+ YTD rally after releasing very healthy Q3 results. Revenue grew 30%+ y/y in Q3, with On exhibiting none of the U.S. weakness that other consumer-facing companies have cited, alongside ~80% growth in China. The company continues to focus on developing an apparel lineup to complement its running shoes, and expects growth in apparel to accelerate in Q4.
On Holding reported strong Q3 2024 results, achieving record sales, gross margin, and adjusted EBITDA margin, and raised its FY2024 net sales guidance. LightSpray technology has significant potential to disrupt the shoe market, driving efficiency, innovation, and long-term growth for On. Despite competitive risks, On's market share gains, brand awareness, and innovative technologies position it for sustained revenue growth and market-beating returns.
On Holding stock price is hovering near its highest level on record as the company's growth trajectory gains momentum. ONON shares surged to an all-time high of $53.97 on Monday and then pulled back to $52.6.
On Holding AG (NYSE:ONON ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Jerrit Peter - Head of Investor Relations Caspar Coppetti - Co-Founder & Executive Co-Chairman Martin Hoffmann - Chief Financial Officer & Co-Chief Executive Officer Marc Maurer - Co-Chief Executive Officer Conference Call Participants Cristina Fernandez - Telsey Advisory Group Aubrey Tianello - BNP Paribas Alex Straton - Morgan Stanley Jay Sole - UBS Peter McGoldrick - Stifel Jonathan Komp - Baird Anna Andreeva - Piper Sandler Michael Binetti - Evercore Janine Stichter - BTIG Rick Patel - Raymond James Dylan Carden - William Blair Operator Ladies and gentlemen, thank you for standing by. My name is Krista [ph] and I will be your conference operator today.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
On Holding (ONON) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.22 per share a year ago.
On Holding AG (ONON) shares bounced between gains and losses Tuesday after the maker of high-end sneakers reported mixed results as higher costs and foreign currency impacts offset record sales.
ONON's third-quarter top line is likely to have benefited from technological innovation, expanded retail presence and solid brand partnerships.
What type of business is On Holding AG?
On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores. The company was founded in 2010 and is headquartered in Zurich, Switzerland.
What sector is On Holding AG in?
On Holding AG is in the Consumer Cyclical sector
What industry is On Holding AG in?
On Holding AG is in the Footwear & Accessories industry
What country is On Holding AG from?
On Holding AG is headquartered in Switzerland
When did On Holding AG go public?
On Holding AG initial public offering (IPO) was on 15 September 2021
What is On Holding AG website?
https://www.on-running.com
Is On Holding AG in the S&P 500?
No, On Holding AG is not included in the S&P 500 index
Is On Holding AG in the NASDAQ 100?
No, On Holding AG is not included in the NASDAQ 100 index
Is On Holding AG in the Dow Jones?
No, On Holding AG is not included in the Dow Jones index
When was On Holding AG the previous earnings report?
No data
When does On Holding AG earnings report?
The next expected earnings date for On Holding AG is 12 March 2025