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Stock impact report

On Holding (ONON) Surges 21% on Earnings Blowout, Upbeat Outlook [Yahoo! Finance]

On Holding AG (ONON) 
Company Research Source: Yahoo! Finance
On Holding grew its share prices by 21.14 percent week-on-week as investor sentiment was boosted by a stellar earnings performance that sparked a higher growth outlook for the full-year period. In its latest earnings call, On Holding AG (NYSE:ONON) said it was able to grow its net income by 290 percent to 118.9 million Swiss francs from only 30.5 million Swiss francs in the same period last year. Net sales also jumped by 25 percent to 794.4 million Swiss francs from 635.8 million Swiss francs year-on-year, primarily driven by a strong performance in both direct-to-consumer and wholesale channels, which grew by 27.6 percent and 23.3 percent, respectively. Following the results, On Holding AG (NYSE:ONON) said it now expects higher figures across key growth metrics. Net sales growth outlook was raised to 34 percent from 31 percent previously; gross profit margin was upgraded to 62.5 percent from 60.5 to 61 percent earlier; while adjusted EBITDA margin was projected to grow by 18 p Show less Read more
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