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) is a Swiss performance sportswear brand that regularly issues detailed updates on its business, strategy, and financial performance. Company news emphasizes its premium positioning in footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis, as well as its broader vision to ignite the human spirit through movement.
Investors and followers of ONON news can expect frequent earnings announcements and trading updates. The company routinely reports quarterly and full-year results, highlighting net sales growth, regional performance across EMEA, the Americas, and Asia-Pacific, and the balance between direct-to-consumer and wholesale channels. These releases often include commentary on non-IFRS measures such as adjusted EBITDA and net sales on a constant currency basis, which On uses to evaluate its performance.
On’s news flow also covers strategic and corporate developments. Recent communications have included leadership changes, such as the evolution to a single-CEO structure, appointments of senior executives in areas like innovation, people, communications, and supply chain, and changes to the Board of Directors. The company also announces participation in investor conferences and provides information on upcoming earnings calls and webcasts.
Brand and product-related news highlights On’s technology and design focus, including references to CloudTec® and LightSpray™ innovations, as well as the expansion of its apparel category and global retail footprint. Releases frequently mention the brand’s presence in more than 80 countries and its engagement with a global community, along with milestones in performance credibility and cultural relevance.
This ONON news page aggregates such updates so readers can follow financial results, leadership developments, strategic initiatives, and brand milestones in one place. It is a useful reference for tracking how On communicates its progress toward its stated ambition to be a premium global sportswear brand.
Swiss performance sportswear brand On (NYSE: ONON) has elected Laura Miele as an independent member of its Board of Directors and a member of its Audit Committee. Miele brings substantial experience from Electronic Arts (EA), where she is President of EA Entertainment & Technology. Her expertise includes digital transformation, expanding consumer demographics, and managing international teams. On’s Co-Founder, Caspar Coppetti, expressed confidence in Miele’s ability to contribute to the Board’s expertise. Miele also expressed enthusiasm about supporting On’s next growth phase. The Board confirms that Miele meets all independence and financial literacy requirements set by the SEC and NYSE.
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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