Will an already stretched consumer keep paying up for high-quality running shoes? Shoes made by Switzerland's On Holding (ONON 3.19%) are among the most in-demand in the world. But not content with its impressive recent market-share gains, On's management is setting two goals for the remainder of 2024 that seem quite ambitious. Regarding its market share gains, On's growth has been nothing short of spectacular since it went public. The company has enjoyed net sales growth of 69%, 47%, and 24% in 2022, 2023, ...

kyoshino/iStock via Getty Images Introduction On Holding (NY SE: ONON) – the viral, premium pertormance sportswear brand — is up about 60% so far this year, outperforming pretty much every single company in its peer gr VAL 59.44% On Holding AG (ONON) Price % Change 59.44% 50.00% 25.00% 0.00% -25.00% Jan '24 Mar '24 May '24 Jul '24 Seeking AlphaQ AUg 22, 2024, 11:46 AM EDT Powered by YC H A R T S Data by Y Charts What is up with the stock lately? How was On able to outperform by such a wide margin? And with ...

Shares of this high-flying footwear leader can keep running. At a time when many companies are citing consumer-spending headwinds or challenging macroeconomic conditions, On Holding (ONON -1.70%) has stood out as an exception. Shares of the high-performance footwear and athletic apparel maker are up nearly 60% this year on the heels of stellar operating trends and financial results. There's a lot for investors to cheer about here, but does this rally in On Holding stock have legs to keep running? Here's wha ...

On Holding is only scratching the surface of its potential. On Holding (ONON -0.47%) is known to be a fast-growing shoe brand, but it has the potential to grow into far more areas, such as apparel and international markets. In this video, Travis Hoium covers why this stock has so much potential in the long term. *Stock prices used were end-of-day prices of Aug. 13, 2024. The video was published on Aug. 14, 2024. ...

These underappreciated stocks have what it takes to deliver market-crushing returns. Summer is winding down, and 2024 seems to be flying by. Leading artificial intelligence (AI) players and megacap techs including Nvidia and Microsoft continue to generate excitement and dominate the stock market conversation. However, some analysts now believe that bullish momentum is poised to rotate into smaller, lesser-known companies. Whether the big rotation winds up happening remains to be seen, but it would be a mist ...

Investment Rating - The report maintains a "Buy" rating for ON Holding (ONON) with a 12-month price target of $50, reflecting a potential upside of approximately 26.4% from the current price of $39.55 [2][3]. Core Insights - ON Holding reported strong demand trends despite short-term supply constraints in the US, with 2Q24 adjusted EBITDA of CHF 90.8 million and net sales of CHF 567.7 million, representing a year-over-year growth of 27.8% and a constant currency growth of 29.4% [2][3]. - The company reiterated its FY24 guidance, expecting constant currency sales growth of at least 30% and net sales of at least CHF 2.26 billion, with a gross margin around 60% [2][3]. - The report highlights significant growth in sales across regions, with APAC showing an impressive 84.7% growth, while EMEA and Americas grew by 22.2% and 25.8%, respectively [2][3]. Financial Performance - The report indicates that ON Holding's gross margin improved to 59.9%, up 40 basis points year-over-year, with adjusted EBITDA margins projected between 16% and 16.5% for FY24 [2][3]. - The forecast for FY24E revenue is set at CHF 2,261.2 million, with an expected EBITDA of CHF 373 million [3][7]. - The report also notes a decrease in the FY24E net finance income estimate by approximately CHF 30 million due to unrealized foreign exchange losses, leading to an adjusted diluted EPS of CHF 0.58 [2][3]. Market Position and Growth Strategy - The report emphasizes the shift towards direct-to-consumer (DTC) sales, projecting that DTC sales will account for approximately 51% of total sales by 2031, up from around 40% in 2024 [4][5]. - The anticipated increase in DTC sales is expected to drive a premium gross margin of around 63% and an EBIT margin of 18% by FY31 [5][6]. - The report outlines a long-term growth strategy that includes maintaining strong sales growth and improving operational efficiency to align with European peers [5][6].

13 August 2024 | 10:54AM BST 2131d4eaf4cb4d50b1d51c8af07b64b4 ON Holding (ONON): First Take: 2Q24 adj. EBITDA +5% beat; FY24 guidance reiterated News: On Holding reported 2Q24 adj. EBITDA of CHF 90.8mn, +5.3% above FactSet consensus of CHF 86.2mn, driven by net sales of CHF 567.7mn, +27.8% yoy and +29.4% cFX (consensus CHF 562mn, +26% yoy and Visible Alpha Consensus Data +30.1% cFX). Group gross margin came in at 59.9%, +40bps yoy (FactSet consensus +60bps yoy to 60.1%), with adj. EBITDA margins of 16% (con ...

ON Today ONON ON $41.95 +2.40 (+6.07%) 52-Week Range $23.41 ▼ $44.30 P/E Ratio 95.34 Price Target $43.67 Add to Watchlist On Holdings' NYSE: ONON Q2 results were mixed regarding the analysts' expectations, but that is the only thing to hold against them. The strengthening of the Swiss franc impacts the details, which are still robust in every way and driving the stock price higher. The critical detail is that this athletic apparel maker continues gaining traction, and its share prices will increase in time. ...

Financial Data and Key Metrics Changes - The company reported net sales of CHF567.7 million in Q2 2024, representing a growth of 28% year-over-year, with a constant currency growth of 29.4% [4][20] - Gross profit reached CHF340.2 million, resulting in a gross profit margin of 59.9% [32] - Net income increased significantly to CHF30.8 million from CHF3.3 million in Q2 2023 [33] Business Line Data and Key Metrics Changes - Wholesale net sales grew by 27.6% to CHF358.2 million, while D2C sales reached CHF209.4 million, growing by 28.1% year-over-year [21][22] - The footwear segment saw a growth of 26.7%, reaching CHF542.5 million, with strong demand across all product verticals [27] - Apparel sales grew by 63% to CHF21.9 million, indicating a strong momentum in this category [30] Market Data and Key Metrics Changes - EMEA region net sales reached CHF138.4 million, growing by 21.8% year-over-year [25] - The Americas contributed CHF370 million in Q2, with a growth rate of 24.8% [26] - APEC region experienced remarkable growth of 73.7%, reaching CHF59.2 million [27] Company Strategy and Development Direction - The company emphasizes long-term growth and innovation, highlighted by the introduction of the LightSpray technology, which aims to revolutionize manufacturing and sustainability [12][14] - The strategy includes a focus on existing distribution partners and deeper penetration in strategic accounts to drive growth [21] - The company plans to maintain a strong marketing presence and brand awareness through partnerships and events, such as the collaboration with Zendaya [16][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a constant-currency net sales growth rate of at least 30% for 2024, despite ongoing distribution challenges [36] - The company anticipates a strong second half of the year, driven by holiday season sales and a higher volume of products [49] - Management acknowledged the need to improve operational efficiency and inventory management to meet consumer demand [41][42] Other Important Information - The company surpassed CHF1 billion in net sales in a six-month period for the first time, marking a significant milestone [20] - The transition to a fully automated warehouse in Atlanta is expected to enhance distribution capabilities in the long term [41] Q&A Session Summary Question: Constraints in North America and prioritization of new launches - Management discussed the ongoing transition of the Atlanta warehouse causing capacity constraints, leading to unreliable deliveries and inventory shortages [40][41] Question: Marketing metrics and consumer engagement - The visibility of the brand increased significantly, with Zendaya's air tennis match viewed over 15 million times on Instagram [44][45] Question: Adjusted EBITDA margin guidance for the second half - Management expects a slight reacceleration in the second half due to higher sales volume and lower marketing expenses as a percentage of net sales [48][49] Question: EMEA channel dynamics and door closures - Management noted a stabilization in EMEA performance and a positive outlook for Q3 and Q4, with a focus on existing store growth [50][51] Question: New product launches and market positioning - Management highlighted excitement around new footwear launches, including the Cloudrunner 2 and Cloudboom Strike, and emphasized the importance of apparel growth [60][62]

ON Holding (NYSE:ONON) is a top-trending ticker this morning after the company reported that its revenue had jumped 28% in the second quarter versus the same period a year earlier. The Switzerland-based firm, which is also a breakout search term today, sells athletic footwear and other sports apparel. ONON stock is up 5% today. On Holding's Q2 Results On's revenue climbed 28% last quarter versus Q2 of 2023 to 567.7 million Swiss francs. Even more impressively, its EBITDA, excluding certain items, jumped 45% ...