Hinterhaus Productions/DigitalVision via Getty Images Investment Thesis On Holding (NYSE:ONON) is a company dedicated to sports clothing and that in recent years has stood out for its running shoes, which have very high gross margins thanks to the high sales price that the company has managed to maintain. While its market share is currently extremely small, it is rapidly gaining more and more year-on-year. I think that if the product continues with the current trend, there's potential for ON to become a ...

A strong earnings report lifted shares of the running shoe company.Shares of On Holding (ONON 4.04%) were soaring this week after the fast-growing running shoe company posted better-than-expected results in its first-quarter earnings report.According to data from S&P Global Market Intelligence, the stock was up 24.9% for the week. On is outrunning the competitionIn a difficult environment for consumer discretionary goods like footwear and apparel, On continued to report strong growth and gain market share.R ...

On Holding stock is on the run with sales surging.After seeing sales rise by 55% in 2023, On Holding (ONON 0.60%) had a strong start to 2024 as well, reporting first-quarter results on May 14. That helped Needham analyst Anna Andreeva boost her optimism for the stock in a report released this week.Andreeva reiterated her buy rating on shares of the Swiss outdoor footwear and apparel company and raised the price target from $40 to $45 per share. That projected share price is about 25% higher than where the s ...

Jerrit Peter - Head, IR Caspar Coppetti - Executive Co-Chairman and Co-Founder Martin Hoffmann - CFO & Co-CEO Marc Maurer - Co-CEO Operator Jerrit Peter Please refer to today's release for reconciliation to the most comparable IFRS measures. We will begin with Caspar, followed by Martin leading through today's prepared remarks, after which we are looking forward to opening the call for a Q&A session. Thank you for joining us today. Martin, Marc and I are in great spirits as we had a fantastic start to 2024. ...

Sales are surging as awareness grows.Shares of shoe company On Holding (ONON 15.51%) jumped to new 52-week highs on Tuesday after the company reported financial results for the first quarter of 2024. As of 10:30 a.m. ET, On stock was up 15%.Consumers are buying more shoes directly from OnOn is based in Zurich, and reports its earnings results in Swiss francs. But I'll reference the approximate U.S. dollar equivalent for simplicity.In Q1, On generated record quarterly net sales of over $560 million, which wa ...

On Holding (ONON) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 137.50%. A quarter ago, it was expected that this running-shoe and apparel company would post earnings of $0.11 per share when it actually produced a loss of $0.06, delivering a surprise of -154.55%.Over the last four q ...

Key PointsOn exceeded the analysts' consensus and raised guidance. Guidance is cautious. The company is gaining traction in its core market and expanding into new verticals. Analysts favor the stock and have been lifting their targets, a trend that should continue. 5 stocks we like better than ONOn’s NYSE: ONON Q1 results prove it is gaining traction with athletes and is on track to dethrone Nike NYSE: NKE as the god of running shoes. The company’s results exceeded expectations on strength in all channels, ...

On Holding AG (ONON) is scheduled to report first-quarter 2024 results on May 14, before the opening bell. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 154.6%.Q1 EstimatesThe Zacks Consensus Estimate for the bottom line is pegged at 16 cents per share, indicating no change from the year-ago levels. In the past 30 days, estimates for current-quarter earnings have witnessed downward revisions of 5.9%. The consensus mark for revenues is pegged at $555.5 million, s ...

mohd izzuan/iStock via Getty Images Shares of On Holding (NYSE:ONON) are stuck in a range for more than a year now, resulting from a combination of waning sales momentum and the disappearance of a strong beat-and-raise guidance policy in the last two quarters. YCharts However, the waning sales momentum was not due to the weaknesses in the underlying business and demand for On shoes, but intentional as the company reorganized its wholesale operations in some geographies and focused on profitable growth versu ...

This hot growth stock is just getting started.Growth stocks are soaring in the bull market, but new data about inflation put the brakes on the market's rise last week. Will inflation keep moving up? Will the Federal Reserve cut interest rates? Is a recession still a possibility?These kinds of questions keep economists on their toes, but smart investors zoom out and focus on the long term. Ten years from now, whether or not there was a recession in 2024 will be largely irrelevant. The economy should keep gro ...