Welcome to our dedicated page for On Hldg news (Ticker: ONON), a resource for investors and traders seeking the latest updates and insights on On Hldg stock.
On Holding AG (NYSE: ONON) delivers cutting-edge performance footwear and athletic apparel through its patented cloudtec® technology. This news hub provides investors and industry observers with essential updates on corporate developments, financial milestones, and market strategies.
Access real-time press releases covering earnings announcements, product innovations, and strategic partnerships. Our curated news collection simplifies tracking ONON's global expansion and technological advancements in the competitive sports apparel sector.
Key updates include quarterly financial results, executive leadership changes, sustainability initiatives, and distribution network expansions. All content is verified through primary sources to ensure accuracy and timeliness.
Bookmark this page for streamlined access to official ONON communications. Combine these updates with fundamental analysis tools for comprehensive investment research in the dynamic athletic wear market.
On Holding AG (NYSE: ONON) reported record net sales of CHF 508.2 million in Q1 2024, a 20.9% increase year-over-year, and 29.2% growth on a constant currency basis. This milestone was driven by a 39.0% surge in direct-to-consumer (DTC) sales, contributing to a 59.7% gross profit margin, up from 58.3% last year. Net income more than doubled to CHF 91.4 million, with an adjusted EBITDA of CHF 77.4 million. The company predicts at least 30% net sales growth for 2024, aiming for CHF 2.29 billion in sales. Key regions such as the Americas and Asia-Pacific showed strong growth, while new verticals like Tennis and Training have expanded their market reach.
On, a Swiss performance sportswear brand listed on NYSE as ONON, will release its first quarter 2024 financial results on May 14, 2024. The earnings conference call and webcast will be held at 8 a.m. U.S. Eastern Time. No access code needed to dial in for the call.
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