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, the Swiss sportswear brand, announces the launch of its new global running event series, "On Track Nights", starting in May 2023. The series aims to enhance the athletics experience by providing elite and aspiring runners with opportunities to compete for personal bests and vital qualifying points for major championships. Kicking off in Los Angeles, it will span across five cities on three continents, closing in Melbourne. The events will not only feature races but also entertainment and community engagement, emphasizing a festival atmosphere for fans.
On (NYSE: ONON), the Swiss performance sportswear brand, announced its participation in the 2023 ICR Conference. The management will engage in a fireside chat on January 10, 2023, at 09:30 am ET (03:30 pm CET). A live webcast will be available on the company's investor relations website. Following the event, a replay will also be accessible. On is known for its innovative CloudTec® technology and commitment to a circular economy, with a presence in over 60 countries, encouraging everyone to run on clouds.
On, a performance sportswear brand, announced the expansion of its Onward resale program to include a new range of pre-owned apparel. This initiative aims to promote sustainability and circularity, building on the success of the footwear launch in September 2022. The program, powered by Trove, allows consumers to shop and trade in gently used performance gear. Co-Founder Caspar Coppetti emphasized On's commitment to reducing its environmental footprint while meeting customer needs. The Onward program is part of On's broader ESG initiatives aimed at enhancing its sustainability efforts.
On Holding AG reported robust financial results for Q3 2022, achieving net sales of CHF 328 million, a 50.4% increase year-over-year, and for the first nine months, net sales reached CHF 855.4 million, up 60.3%. The Asia-Pacific region experienced significant growth of 85.2%. Despite challenges, including foreign exchange impacts and supply chain constraints, net income rose to CHF 20.6 million. The company raised its 2022 guidance to CHF 1.125 billion in net sales and CHF 148 million in adjusted EBITDA. On also highlighted innovative product launches and achievements in sustainability.
On, the Swiss performance sportswear brand, is set to release its third quarter 2022 financial results on November 16, 2022, before U.S. markets open. A conference call will be held at 8:00 AM ET on the same day, with options for international participants. The earnings call can be accessed via phone or a live webcast available on the company’s investor relations website. On continues to expand its presence in the sportswear market, focusing on innovation and sustainability.
On Holding AG (NYSE: ONON) released its 2021 Impact Progress Report, highlighting significant advances in sustainability initiatives. Key achievements include the launch of the first fully recyclable running shoe through the Cyclon program and a commitment to reduce emissions per unit of value-added by 55% by 2030. By the end of 2021, 53% of polyester and 63% of polyamide used were recycled, with 95% of cotton sourced sustainably. On also aims to enhance social impact through its 'Right to Run' program, partnering with 17 organizations to foster community engagement.
On Holding AG reported strong financial performance for Q2 2022, achieving net sales of CHF 291.7 million, a 66.6% increase year-over-year. The company's net income surged to CHF 49.1 million, and adjusted EBITDA rose to CHF 31.4 million. Despite a decrease in gross profit margin to 55.1%, On raised its full-year net sales guidance to at least CHF 1.1 billion and adjusted EBITDA to CHF 145 million. North American sales grew exceptionally by 102.5%. The company also made progress in sustainability with the launch of a recyclable running shoe.
Swiss sportswear brand On (NYSE: ONON) will release its Q2 2022 financial results on August 16, 2022, before U.S. markets open. A conference call for investors will be held at 8:00 AM ET on the same day. Participants can join via phone or webcast. On's innovative products continue to attract a growing global customer base. The company aims to provide high-performance running and outdoor apparel.
On (NYSE: ONON) has appointed Dennis Durkin as an independent member of its Board of Directors and Chairman of the Audit Committee. David Allemann, Co-Founder, expressed enthusiasm for Durkin's experience, following the prior appointment of Amy Banse. Durkin's background includes serving as CFO at Activision Blizzard and positions at Microsoft, contributing to a strengthened and independent board. His appointment fulfills independence requirements and enhances financial oversight.
On Holding AG reported a robust Q1 2022, with net sales increasing by 67.9% to CHF 235.7 million. The company achieved record performance through its direct-to-consumer and wholesale channels, bolstered by strong consumer demand and successful product launches. Despite supply chain challenges, net income rose to CHF 14.3 million, while gross profit margin decreased to 51.8%. The firm has raised its full-year guidance to expect over CHF 1.04 billion in sales. Notably, On launched the environmentally friendly Cloud 5, setting a historical milestone in product innovation.
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