Key Points On's NYSE: ONON Q1 results prove it is gaining traction with athletes and is on track to dethrone Nike NYSE: NKE as the god of running shoes. The company's results exceeded expectations on strength in all channels, segments, and geographical regions and are expected to accelerate as the year progresses. Evidence the shoes are more than a fad includes the latest Boston Marathon win. Helen Obiri of Kenya became the 6th woman to repeat back-to-back wins, the first since 2005, wearing a pair of On ru ...

Factors to Note On Holding AG (ONON) is scheduled to report first-quarter 2024 results on May 14, before the opening bell. In the last reported quarter, the company's earnings missed the Zacks Consensus Estimate by 154.6%. Q1 Estimates The Zacks Consensus Estimate for the bottom line is pegged at 16 cents per share, indicating no change from the year-ago levels. In the past 30 days, estimates for current-quarter earnings have witnessed downward revisions of 5.9%. The consensus mark for revenues is pegged at ...

mohd izzuan/iStock via Getty Images Shares of On Holding (NYSE:ONON) are stuck in a range for more than a year now, resulting from a combination of waning sales momentum and the disappearance of a strong beat-and-raise guidance policy in the last two quarters. YCharts However, the waning sales momentum was not due to the weaknesses in the underlying business and demand for On shoes, but intentional as the company reorganized its wholesale operations in some geographies and focused on profitable growth versu ...

This hot growth stock is just getting started.Growth stocks are soaring in the bull market, but new data about inflation put the brakes on the market's rise last week. Will inflation keep moving up? Will the Federal Reserve cut interest rates? Is a recession still a possibility?These kinds of questions keep economists on their toes, but smart investors zoom out and focus on the long term. Ten years from now, whether or not there was a recession in 2024 will be largely irrelevant. The economy should keep gro ...

In the latest trading session, On Holding (ONON) closed at $31.98, marking a -0.53% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. On the other hand, the Dow registered a gain of 0.8%, and the technology-centric Nasdaq increased by 1.24%.Prior to today's trading, shares of the running-shoe and apparel company had gained 0.41% over the past month. This has outpaced the Consumer Discretionary sector's loss of 1.14% and lagged the S&P 500's gain o ...

Financial Data and Key Metrics Changes - The company reported significant revenue growth of 47% to CHF 1.79 billion in 2023, with a 55% increase on a constant currency basis, exceeding expectations [37][58] - Gross profit margin increased from 56% to 59.6%, and adjusted EBITDA margin rose from 13.5% to 15.5% [59][80] - The company achieved a record net income of CHF 79.6 million, up from CHF 57.7 million in the prior year, despite significant unrealized FX charges [82] Business Line Data and Key Metrics Changes - Direct-to-consumer (DTC) share grew from 36.4% to 37.5%, with DTC sales accounting for 46.2% of net sales in Q4 2023, up from 40.7% in Q4 2022 [60][65] - Net sales from shoes grew by 20.4% in Q4, reaching CHF 425.7 million, with the Cloudmonster franchise being a significant contributor [77] - Apparel sales increased by 60.1% in Q4, with DTC channels seeing a 110% growth [75] Market Data and Key Metrics Changes - The Americas region achieved net sales of CHF 300.6 million in Q4, marking the strongest quarter in the region's history, with a constant currency growth of 29% [73] - EMEA net sales grew by 22.9% to CHF 112.5 million in Q4, with a constant currency growth of 26% [72] - APAC reached net sales of CHF 34 million in Q4, corresponding to a growth rate of 57.7%, with over 75% growth on a constant currency basis [74] Company Strategy and Development Direction - The company aims to open an additional 100 brand stores worldwide in the coming years, focusing on showcasing both footwear and apparel [52] - The strategy includes a strong emphasis on performance running products and expanding the apparel line, particularly in tennis and training [91][92] - The company is committed to maintaining a premium brand positioning while expanding its market share and brand awareness [54][90] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's momentum and the strong demand for products, anticipating a constant currency growth rate of at least 30% for 2024 [101] - The company plans to continue investing in technology and retail expansion to enhance its direct channels and overall market presence [116] - Management highlighted the importance of balancing growth with profitability, aiming for an adjusted EBITDA margin of 16% to 16.5% in 2024 [102] Other Important Information - The company reported a positive cash flow of CHF 163 million, the highest in its history, and ended the year with a cash balance of CHF 495 million [60][86] - The company is focusing on optimizing its inventory and working capital position to support future growth [83][102] Q&A Session Summary Question: What is the revenue guidance for Q1 and the full year? - Management expects constant currency net sales growth of 26% for Q1, translating to reported Swiss Francs net sales of CHF 495 million, with a significantly increased DTC share [107] Question: What are the expectations for store openings in 2024? - The company plans to open approximately 17 to 19 retail locations in 2024, emphasizing the importance of location and size [112] Question: Can you elaborate on the assumptions for DTC and wholesale growth in 2024? - Management reiterated the commitment to a multi-channel strategy, expecting an increase in DTC share while also growing in wholesale channels [116]

Shares of shoe company On Holding (ONON -13.74%) crumbled on Tuesday after the company reported financial results for the fourth quarter of 2023. The company's numbers were in line with management's guidance but missed Wall Street's expectations. That's why On stock was down 14% as of 11 a.m. ET.A record year for OnOn's management provided guidance for sales, gross profit margin, and margin for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Back in the third quarter, mana ...

On Holding AG (NYSE:ONON) stock is plummeting today, after the footwear retailer's disappointing fourth-quarter results and net sales forecast. Down 13% at $29.24 at last glance, ONON is on the short sell restricted (SSR) list today. This bear gap has the equity dropping below its 20-day moving average, which provided close support this month, though long-term support at its 320-day moving average is still keeping a cap on losses. Since last March, ONON is up 42.5%. The stock is also holding on to a modest ...

Key PointsON Holdings had a solid quarter but missed estimates and guided weakly, sending shares to critical support.Analysts defend their targets and ratings, suggesting a rebound will start soon. Nike and Lululemon report soon and may have weak reports, but one market is pricing in the weakness while the other isn't. 5 stocks we like better than ONON Holding's NYSE: ONON stock price is down 15% following the Q4 results and presents a solid buying opportunity. The move is alarming and may impact the price ...

On Holding (ONON) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of $0.11. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -154.55%. A quarter ago, it was expected that this running-shoe and apparel company would post earnings of $0.16 per share when it actually produced earnings of $0.22, delivering a surprise of 37.50%.Over the last four quarters, the ...