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Stock impact report

On Holding's (ONON) Management Is “So Good,” Says Jim Cramer [Yahoo! Finance]

On Holding AG (ONON) 
Company Research Source: Yahoo! Finance
Shoe retailer On Holding AG (NYSE:ONON) reported a blockbuster set of earnings yesterday after it raised its full-year guidance for the third time in a row. The results saw the firm post CHF794 million in revenue and CHF0.47 in earnings, both of which beat analyst estimates. On Holding AG (NYSE:ONON) also guided CHF2.98 billion (up from previous CHF2.91 billion) in full-year revenue, which beat estimates by a small margin. The short sellers of the stock have been on Cramer's mind this year, as he posited in August that the firm would prevail. The shares are down 3% since then, but soared by 20% on Wednesday after the earnings. As he discussed the earnings, Cramer remarked that he'd expected the outperformance in the next quarter and commented on On Holding AG (NYSE:ONON)'s short sellers as well: On Holding's (ONON) Management Is "So Good," Says Jim Cramer Svittlana/Shutterstock.com “On was just incredible. They're basically doing the number I expected in like, next quarter. I'v Show less Read more
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