On Holding: Positive Take Priced In

Orbon Alija Following our initiation of coverage of On Holding AG (NYSE: NYSE:ONON), today we are back to comment on the company results based on the Nike Q2 2024 readout and the latest news on the Sporting Goods sector. In this update, there are at least three takes on the read across from Nike's September-November results that we should take into consideration.  Nike Positive Implications Firstly, Nike inventories were down by 14% on a year-on-year basis. This implied that inventory days are now align ...