On Hldg (ONON) Stock News

On (NYSE: ONON) has announced the election of Helena Helmersson as a new independent member of its Board of Directors and member of the Nomination and Compensation Committee. Helmersson brings extensive experience from her career at H&M Group, where she served as CEO from 2020 to 2024. Her 27-year tenure at H&M included roles as Head of Sustainability, Global Head of Production, and COO. She currently serves on the board of Quizrr and chairs Circulose. The appointment coincides with the departure of Kenneth Fox from On's Board after seven years of service, including his contribution to the company's 2021 IPO. On's Co-Founder and Executive Co-Chairman David Allemann expressed confidence that Helmersson's retail expertise and purpose-driven leadership will support On's ambition to become the premium global sportswear brand.

On (NYSE: ONON) reported exceptional Q1 2025 results with record quarterly net sales of CHF 726.6 million, up 43.0% year-over-year. The company's multi-channel strategy showed strong performance, with DTC sales growing 45.3% to CHF 276.9 million (38.1% of total sales) and wholesale sales increasing 41.5% to CHF 449.7 million. Gross profit margin expanded to 59.9%, while adjusted EBITDA margin rose to 16.5%. Regional growth was robust: Americas (+32.7%), EMEA (+33.6%), and Asia-Pacific (+130.1%). Based on strong demand, On raised its 2025 guidance, expecting at least 28% net sales growth to CHF 2.86 billion, with projected gross profit margin of 60.0-60.5% and adjusted EBITDA margin of 16.5-17.5%. However, net income decreased 38% to CHF 56.7 million, with margin falling to 7.8% from 18.0%.

On (NYSE: ONON), the Swiss performance sportswear brand, has scheduled its first quarter 2025 financial results release for Tuesday, May 13, 2025, before U.S. markets open.

The company will host an earnings conference call and webcast at 8 a.m. U.S. Eastern Time (2 p.m. Central European Time) on the same day. Investors and analysts can join via telephone using these numbers:

• United States: +1 646 307 19 63
• United Kingdom: +44 203 481 42 47
• Switzerland: +41 43 210 51 63

Conference ID: 9414365. A live webcast will be available on On's investor relations website. A recording of the call will be accessible on the company's website after the event.

On (NYSE: ONON) announced a significant leadership transition, moving to a single-CEO structure effective July 1, 2025. Current Co-CEO and CFO Martin Hoffmann will become the sole CEO, while Co-CEO Marc Maurer will depart after 12 years of leadership.

The company, which achieved record net sales of CHF 2.3bn and net income of CHF 242m in fiscal year 2024, also announced four key senior appointments: Katarina Berg as Chief People Officer, Scott Maguire as Chief Innovation Officer, Adib Sisani as Chief Communications Officer, and Craig Jones as Chief Supply Chain Officer.

The founders will continue their executive roles, with David Allemann and Caspar Coppetti as Executive Co-Chairmen and Olivier Bernhard as Executive Board Member. Following Maurer's departure, his Class B shares will undergo a sunset process, with 36% being acquired by founders and 64% proposed for conversion into Class A Ordinary Shares.

On Holding AG (NYSE: ONON) reports exceptional financial results for 2024, surpassing all outlook metrics. Net sales reached CHF 2,318.3 million, growing 29.4% year-over-year (33.2% constant currency). The company achieved a gross profit margin of 60.6% and net income of CHF 242.3 million.

Fourth quarter performance was particularly strong with net sales of CHF 606.6 million, up 35.7% year-over-year. Direct-to-consumer (DTC) sales reached a record 48.8% share of Q4 net sales, contributing to a record-breaking 62.1% gross profit margin.

Looking ahead to 2025, On projects at least 27% constant currency growth, targeting net sales of CHF 2.94 billion at current rates. The company expects a gross profit margin around 60.5% and adjusted EBITDA margin of 17.0-17.5%.

Swiss performance sportswear brand On (NYSE: ONON) has scheduled the release of its fourth quarter and full year 2024 financial results for Tuesday, March 4, 2025, before U.S. financial markets open. The company will host an earnings conference call and webcast at 8 a.m. U.S. Eastern Time (2 p.m. Central European Time) on the same day.

Investors can access the live conference call through various international dial-in numbers, including: United States (+1 646 307 19 63), United Kingdom (+44 203 481 42 47), and Switzerland (+41 43 210 51 63) using Conference ID: 1279252. A live webcast will be available on On's investor relations website, with a recording accessible after the call.

On (NYSE: ONON), the Swiss performance sportswear brand, has announced its participation in the 2025 ICR Conference. The company's management will engage in a fireside chat scheduled for Monday, January 13, 2025, at 1:30 pm US Eastern Time (07:30 pm Central European Time).

The event will be accessible through a live webcast on the company's investor relations website. For those unable to attend the live session, a replay will be made available on On's website following the conclusion of the fireside chat.

On Holding AG (NYSE: ONON) reports record Q3 2024 results with net sales increasing 32.3% to CHF 635.8 million. Direct-to-consumer (DTC) channel grew 49.8%, representing 38.8% of total sales. The company achieved its highest gross profit margin since IPO at 60.6%, up from 59.9% year-over-year. Based on strong performance, On raises its full-year 2024 outlook, expecting net sales growth of at least 32% to CHF 2.29 billion, with an anticipated gross profit margin of 60.5% and adjusted EBITDA margin at the upper end of 16.0-16.5%.

Performance sportswear brand On (NYSE: ONON) has scheduled its third quarter 2024 financial results release for Tuesday, November 12, 2024, before U.S. market opening. The company will host an earnings conference call and webcast at 8 a.m. U.S. Eastern Time (2 p.m. Central European Time) on the same day. The conference call will be accessible via telephone in the United States, United Kingdom, and Switzerland, with a dedicated conference ID: 4064831. A live webcast will be available on On's investor relations website, with a recording posted afterward.