Economic Overview - Low to middle-income consumers are reducing spending to pay down credit card debt, while affluent consumers continue to spend selectively [1][2] - The economy is divided, with strong revenue and earnings growth reported by many companies despite market uncertainty [2] Company Analysis: Tapestry Inc. (TPR) - Tapestry is known for luxury accessories and lifestyle products, with a current stock price of $70.65 and a price target of $78.00, indicating a 12% upside potential [3][5] - The company reported record earnings per share of $2 in Q2 FY2025 and achieved a net paydown yield of 38% over the last 12 months [4][5] - Analysts have a Moderate Buy rating on TPR, with some price targets adjusted but remaining above the consensus price [5][6] Company Analysis: On Holding AG (ONON) - On Holding specializes in high-end footwear and apparel, with a current stock price of $48.11 and a price target of $58.77, suggesting a 23% increase potential [7][10] - The company uses over 30% recycled or renewable materials in its products, appealing to younger consumers [8] - Despite a recent double beat in earnings, ONON stock is down over 13% in 2025 due to concerns over exposure to China amid tariff issues [9][10] Company Analysis: Viking Holdings Ltd. (VIK) - Viking Holdings, a newcomer in the luxury cruise market, has a current stock price of $41.02 and a price target of $46.89, indicating potential growth [12] - The company is 88% booked for 2025 and does not anticipate cancellations due to market weakness, suggesting resilience in the cruise line industry [14] - Despite volatility typical of newly public companies, VIK stock has increased nearly 50% since its launch [14]

James Anderson Provides Update on Holdings of MyndTec Inc.April 24, 2025 5:16 PM EDT | Source: James AndersonDetroit, Michigan--(Newsfile Corp. - April 24, 2025) - James Anderson (the "Investor") announces update to his ownership of common shares in the capital of MyndTec Inc. (the "Issuer") (the "Common Shares") and common share purchase warrants of the Issuer (the "Warrants").On April 24, 2025, the Issuer completed the first tranche (the "First Tranche") of a private placement of units ("Uni ...

Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Gap (GAP) and On Holding (ONON) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revi ...

Group 1 - The article emphasizes the importance of identifying "divergent stocks," which are disruptive companies with strong fundamentals and long growth potential but currently undervalued prices [1] - The investment strategy focuses on long-term growth and seeks innovative companies that contribute positively to society [1] Group 2 - The author has a beneficial long position in ONON shares, indicating a personal investment interest in the company [1]

Group 1 - The U.S. stock markets have recently experienced a sharp correction, particularly affecting growth stocks, prompting a search for high-performing international companies [1] - The article mentions the decision to divest from struggling companies like Nike, indicating a shift in investment strategy [1] Group 2 - Gary Alexander, with extensive experience in technology and startups, contributes insights on industry trends and has been active on Seeking Alpha since 2017 [1] - His articles are widely disseminated, appearing in popular trading apps like Robinhood, which enhances their reach and influence [1]

Investment Rating - The report assigns a strong buy rating for the company, indicating a positive outlook for future performance [5][6]. Core Insights - The company, On Running (ONON), experienced a robust sales growth of 35.7% year-on-year in Q4 2024, reaching 606.6 million Swiss Francs, driven by increased global brand recognition [5]. - Direct-to-Consumer (DTC) sales surged by 43.4% to 296.2 million Swiss Francs, while wholesale business grew by 29.1% to 310.4 million Swiss Francs, benefiting from selective expansion with key clients [5]. - The company anticipates a sales growth of at least 27% for 2025, projecting total sales of 2.94 billion Swiss Francs [8]. Financial Overview - In FY 2024, total sales reached 2.318 billion Swiss Francs, marking a 29.4% increase, with DTC sales growing by 40.3% and wholesale by 22.8% [6]. - The gross margin improved by 1.0 percentage point to 60.6%, and net profit increased by 204.5% to 242.3 million Swiss Francs, with a net profit margin of 10.4% [6]. - The company reported a diluted earnings per share of 0.97 Swiss Francs for FY 2024 [6]. Regional Performance - EMEA market sales grew by 18.2% to 577.8 million Swiss Francs, the Americas by 27.4% to 1.480 billion Swiss Francs, and the Asia-Pacific market surged by 84.5% to 260.2 million Swiss Francs [6]. - The Asia-Pacific region showed particularly strong growth, indicating a significant opportunity for expansion [6]. Product Performance - Footwear sales increased by 28.5% to 2.199 billion Swiss Francs, with specific models like Cloudmonster, Cloudsurfer, and Cloudrunner recording growth rates between 60% and 140% [6]. - Apparel sales rose by 46.7% to 101 million Swiss Francs, while accessories saw a 49.5% increase to 17.7 million Swiss Francs [6]. Future Outlook - For 2025, the company expects a gross margin around 60.5% and an EBITDA margin between 17.0% and 17.5% [8]. - The company plans to expand its production capacity in Zurich and build a larger facility in South Korea, aiming to enhance operational efficiency [7]. - The number of stores in China is projected to increase from 58 to 80, with a target market share of 10% by 2026 [7].

Core Insights - Consumer-driven industries are particularly susceptible to economic downturns, yet strong brands like On Holding can still succeed [1] - The U.S. consumption-based economy significantly impacts the stock market, influencing investor strategies during uncertain times [1] - On Holding is highlighted as a company with strong brand power and resilience, presenting an attractive investment opportunity even in volatile markets [1] Industry Analysis - The current economic climate poses challenges for consumer-driven sectors, necessitating a focus on brands that can maintain pricing power [1] - Investors are encouraged to identify stocks with robust brand strength to navigate market uncertainties effectively [1] Company Focus - On Holding is positioned as a resilient player in the market, showcasing the ability to thrive despite economic challenges [1] - The discussion emphasizes the importance of brand power in sustaining performance during downturns, with On Holding serving as a prime example [1]

Core Insights - The video discusses the economic challenges ahead and identifies resilient companies that are well positioned to thrive, specifically highlighting On Holding (ONON) as a key player for investment strategies in 2025 [1] Company Performance - On Holding (ONON) is noted for its strong performance metrics and pricing power, making it a potential candidate for investment [1]

Financial Data and Key Metrics Changes - In 2024, the company achieved a net sales of CHF 2.32 billion, reflecting a constant currency growth rate of over 33% [11][52] - The gross profit margin reached 60.6%, while the adjusted EBITDA margin was 16.7%, indicating strong profitability [52][71] - For Q4, net sales grew by 35.7% on a reported basis, reaching CHF 606.6 million, with a D2C share of 48.8% [55][56] Business Line Data and Key Metrics Changes - The top three running franchises, Cloudmonster, Cloudsurfer, and Cloudrunner, saw growth between 60% and 140% in 2024 [44] - Apparel net sales exceeded CHF 100 million, with a constant currency growth of 51% in 2024 [46][47] - In Q4, apparel sales grew by 77.5%, reaching CHF 32.6 million, contributing to over 5% of net sales [67] Market Data and Key Metrics Changes - Net sales in the Americas grew by 28.1% in Q4, with Brazil more than doubling its net sales compared to the prior year [58][59] - EMEA net sales reached CHF 147.4 million in Q4, growing by 31% year-over-year [60] - APAC saw a reported growth rate of 117.5% in Q4, driven by strong performance in Japan and China [61] Company Strategy and Development Direction - The company aims to become the most premium global sportswear brand, targeting a 26% net sales CAGR and a gross profit margin above 60% by 2026 [10] - Strategic partnerships with celebrities and athletes are key to enhancing brand visibility and consumer engagement [19][20] - The company plans to expand its retail presence, having launched 19 new stores in iconic locations in 2024 [31][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in exceeding growth expectations, with a strong start to 2025 and a projected constant currency growth rate of at least 27% for the year [81][82] - The company is focused on operational excellence and sustainability, with plans to enhance production capabilities and automate warehouses [79][80] - Management acknowledged potential macroeconomic challenges but emphasized strong preorders and brand momentum [97][98] Other Important Information - The company reported a significant increase in cash flow, with total cash balance reaching CHF 924.3 million at the end of 2024 [74] - The company is committed to sustainability and plans to publish an impact progress report soon [51] Q&A Session Summary Question: Insights on Cloud 6's contribution to growth - Management highlighted that Cloud has become an iconic staple, resonating with younger consumers and is expected to be a significant contributor to growth in 2025 [88][90] Question: Guidance on sales growth by region - Management indicated strong momentum in Q1, expecting growth rates in the low to mid-30s, with a strong performance in both D2C and wholesale channels [95][96] Question: Strategies for younger consumer engagement - Management discussed the importance of partnerships and retail expansion in driving brand visibility among younger consumers [110][111] Question: Apparel growth expectations - Management expressed confidence in apparel reaching 10% of total revenue in the midterm, with strong correlations between retail presence and apparel success [120][121] Question: Long-term objectives tracking - Management noted that retail expansion and market access are crucial for achieving long-term targets, with a focus on increasing apparel share and D2C growth [132][135]

Core Insights - On Holding reported an outstanding quarter in Q4 2024, exceeding investor expectations [1] - The company anticipates nearly 30% growth in 2025, indicating strong long-term potential [1] Financial Performance - Q4 2024 results were significantly positive, contributing to the company's growth narrative [1] - Management's guidance for 2025 suggests sustained momentum in revenue generation [1] Market Position - On Holding is positioned as a growth stock, appealing to investors looking for long-term opportunities [1] - The company's performance and future outlook suggest it is a strong contender in its industry [1]