On Holding (NYSE: ONON ) reported solid Q3 2024 results, and despite the stock being up roughly 36% from where it was when I rated it as a buy in June , ONON looks to be I hold a Master's in Accounting, am a small business owner, and am an assistant investing educator for beginning and intermediate individual investors. My investing analysis focus is on identifying and developing deep knowledge of great businesses. I have helped manage businesses, spend most of my extra time learning about investing and fin ...

Financial Data and Key Metrics Changes - The company achieved record net sales of CHF 636 million in Q3, growing by 33% on a constant currency basis [7][30] - Gross profit margin reached 60.6%, and adjusted EBITDA margin was 18.9%, both the highest since going public [32][49] - D2C net sales grew by 49.8%, reaching CHF 246.7 million, accounting for 38.8% of total net sales [32][38] Business Line Data and Key Metrics Changes - Net sales from shoes grew by 32.1% to CHF 603.7 million, driven by strong performance in running franchises like Cloudmonster and Cloudrunner [44] - Apparel sales increased by 33.4% to CHF 26.8 million, with expectations for reacceleration in Q4 [45] - Wholesale channel grew by 23.2%, reaching CHF 389.1 million, reflecting strength in existing and new product franchises [38] Market Data and Key Metrics Changes - APAC region saw net sales of CHF 74.6 million, growing by 79.3% on a constant currency basis, contributing 11.7% to total business [43] - The Americas region grew by 34.1% to CHF 395.5 million, driven by brand strength and operational improvements [41] - EMEA region reached CHF 165.8 million in net sales, growing by 15.1%, with France being the fastest-growing market [43] Company Strategy and Development Direction - The company aims to position itself as a premium global sportswear brand with a focus on sustainable and durable growth [7][20] - Strategic focus areas include apparel, retail expansion, and increasing brand awareness, particularly in APAC [12][20] - Plans to open 20 to 25 new retail stores annually, with significant growth expected in China and Japan [14][75] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued brand momentum and operational improvements heading into Q4, expecting higher constant currency growth rates [54] - The company anticipates achieving at least CHF 2.29 billion in net sales for the full year 2024, despite expected FX headwinds [55] - Management highlighted the importance of innovation and operational excellence as key drivers for long-term success [24][25] Other Important Information - The company reported a positive cash flow of over CHF 125 million in Q3, with a cash balance of nearly CHF 750 million at the end of the quarter [51] - Significant investments in D2C channels and operational efficiencies have contributed to strong performance [33][47] Q&A Session Summary Question: Increases in brand awareness details - Management noted significant increases in brand awareness, particularly among younger demographics, driven by partnerships with cultural icons and Olympic exposure [60][61] Question: Drivers of 50% B2C growth - Key drivers included successful product launches, increased brand awareness from marketing efforts, and investments in D2C environments [64][66] Question: Inventory and supply chain constraints - Management acknowledged past constraints but indicated improvements in product flow and inventory management, with plans for enhanced warehouse automation [71][73] Question: Wholesale performance moderation - The moderation was attributed to door closures in Europe and inventory constraints, but overall brand demand remains strong [91][92] Question: Multiyear margin outlook - Management confirmed confidence in achieving long-term margin goals, with expectations for continued strong performance in Q4 [96][97]

Key Takeaways On Holding posted record sales, but expenses and negative foreign currency exchange hurt profits. The high-end sneaker maker backed by tennis great Roger Federer said exposure at the Paris Olympics and success of athletes that wear its sneakers boosted brand awareness. On Holding raised its full-year revenue outlook. On Holding AG (ONON) shares bounced between gains and losses Tuesday after the maker of high-end sneakers reported mixed results as higher costs and foreign currency impacts offse ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about On Holding (ONON) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.On Holding currently has an average brok ...

Company Performance - On Holding (ONON) reported quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.24 per share, and down from $0.22 per share a year ago, representing an earnings surprise of -29.17% [1] - The company posted revenues of $734.69 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.49%, and up from $543.85 million year-over-year [2] - Over the last four quarters, On Holding has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance - On Holding shares have increased approximately 95.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 25.8% [3] - The current consensus EPS estimate for the coming quarter is $0.21 on revenues of $681.01 million, and for the current fiscal year, it is $0.98 on revenues of $2.65 billion [7] Earnings Outlook - The estimate revisions trend for On Holding is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] - The sustainability of the stock's immediate price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] Industry Context - The Shoes and Retail Apparel industry, to which On Holding belongs, is currently in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

On Holding AG (ONON) is scheduled to report third-quarter 2024 results on Nov. 12, before the opening bell. In the previous quarter, the company reported a negative earnings surprise of 15.8%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. How are Estimates Placed? The Zacks Consensus Estimate for third-quarter earnings is pegged at 24 cents per share, indicating growth of 9.1% from the 22 cents reported in the year-ago quarter. For revenues, the consensus mark is pegged at $718.8 ...

On Holding (ONON) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this running-shoe and apparel company have returned -7.5%, compared to the Zacks S&P 500 composite's +0.7% change. During this period, the Zacks Shoes and Retail Apparel industry, which On Holding falls in, has lost 6.1%. The key question now is: What could be the stoc ...

On Holding (ONON) closed the most recent trading day at $50.61, moving -0.08% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.27% for the day. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq added 0.26%.Heading into today, shares of the running-shoe and apparel company had lost 0.94% over the past month, lagging the Consumer Discretionary sector's gain of 1.51% and the S&P 500's gain of 2% in that time.Investors will be eagerly watching for t ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about On Holding (ONON) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. On Holding currently has an average bro ...

昂跑(ONON.N): 深耕跑步鞋品类，精准筛选目标客群 西南证券研究发展中心 社服研究团队 2024年10月 核 心 观 点 1 基本面：公司深耕跑鞋赛道，快速扩张的运动品牌黑马。1）营收表现亮眼。公司是2012年成立的新锐运 动品牌，主要提供跑步鞋和其他专业运动鞋，面世之后营收快速增长，自2019年2.7亿法郎增长至2023年 17.9亿法郎，CAGR达到60%，2024H1营收同比+25%，仍保持着健康增长趋势。2）北美贡献主要营收 ，亚太促进快速增长。北美地区为主战场，贡献65%的营业收入；亚太地区占比仅为10%，但增速远超北 美和欧洲，2023年营收同比+89%，超过欧洲（+38%）和北美（+58%），24H1亚太同比+71%，仍保 持着高增态势，将会成为公司未来的重点攻略市场。3）鞋履为第一大品类，拓展服饰和配饰业务。公司主 要销售品类为跑鞋，营收占比超90%；另外公司还布局服饰和配饰业务，占比较小，24H1增速分别为37% 、29%，超过鞋履增速24%。 运动鞋行业：1）全球运动鞋市场稳定发展，亚太为第一大市场。据咨询网站Precedence Research统计， 全球运动鞋市场规模2023年 ...