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On Holding AG is a rapidly growing sports company based in Zurich, Switzerland, with additional offices in Yokohama, Japan, and Portland, Oregon. The company is renowned for developing and marketing innovative running shoe technology, with a mission to make running a fun and accessible sport for everyone.
On's groundbreaking CloudTec® system, which has received worldwide patents, is at the heart of its product line. This technology has garnered numerous awards, including the Gold Award for Best Performance Shoe 2013 at the International ISPO Sports Fair. On’s reputation for quality and innovation is further evidenced by its presence in over 1,800 running specialist stores across 30 countries within just five years of its launch.
Notable for its rapid growth, On has been featured in major publications such as Bloomberg, Fox Business News, Forbes, Wall Street Journal, ESPN Magazine, The Independent, The Guardian, Wallpaper Magazine, Monocle, Wired, GQ, Men’s Health, and Runner’s World. The brand is also endorsed by over 80 elite athletes, including Olympic Gold Medalist Nicola Spirig.
On Holding AG does not manufacture its products or raw materials; instead, it relies on third-party suppliers and contract manufacturers. The company offers a wide range of shoes, apparel, and accessories designed for both athletic and casual use. This strategy allows On to focus on design, technology, and the overall customer experience while ensuring high-quality manufacturing standards through its partners.
Recent achievements include expanding its product line and enhancing its global distribution network. On continues to invest in research and development to push the boundaries of sports technology and design. The company's commitment to sustainability and innovation positions it as a leader in the sportswear industry.
For investors, On Holding AG (symbol: ONON) represents a dynamic opportunity in the premium performance sports brand market, continuously making strides in technology, design, and global market presence.
On Holding AG (NYSE: ONON) reports record Q3 2024 results with net sales increasing 32.3% to CHF 635.8 million. Direct-to-consumer (DTC) channel grew 49.8%, representing 38.8% of total sales. The company achieved its highest gross profit margin since IPO at 60.6%, up from 59.9% year-over-year. Based on strong performance, On raises its full-year 2024 outlook, expecting net sales growth of at least 32% to CHF 2.29 billion, with an anticipated gross profit margin of 60.5% and adjusted EBITDA margin at the upper end of 16.0-16.5%.
Performance sportswear brand On (NYSE: ONON) has scheduled its third quarter 2024 financial results release for Tuesday, November 12, 2024, before U.S. market opening. The company will host an earnings conference call and webcast at 8 a.m. U.S. Eastern Time (2 p.m. Central European Time) on the same day. The conference call will be accessible via telephone in the United States, United Kingdom, and Switzerland, with a dedicated conference ID: 4064831. A live webcast will be available on On's investor relations website, with a recording posted afterward.
On Holding AG (NYSE: ONON) reports record Q2 2024 results, with net sales reaching CHF 567.7 million, a 27.8% year-over-year growth. The company's multi-channel strategy shows strength across regions and products, with standout performances in Asia-Pacific (73.7% growth) and apparel (63.0% growth). Gross profit margin improved to 59.9%, while net income significantly expanded to CHF 30.8 million. On reiterates its full-year 2024 guidance, expecting at least 30% constant currency growth and reported net sales of CHF 2.26 billion. The company continues to focus on being a premium global sportswear brand, launching initiatives like the LightSpray™ technology and partnering with Zendaya.
On (NYSE: ONON), a Swiss performance sportswear brand, has announced the release of its second quarter 2024 financial results on Tuesday, August 13, 2024, before U.S. financial markets open. The company's management will host an earnings conference call and webcast at 8 a.m. U.S. Eastern Time (2 p.m. Central European Time) on the same day.
Investors and analysts can access the live conference call via telephone using specific dial-in numbers for the United States, United Kingdom, and Switzerland. A live webcast of the call will also be available on the company's investor relations website. Following the call, a recording will be accessible on On's website for those unable to attend the live event.
Swiss performance sportswear brand On (NYSE: ONON) has elected Laura Miele as an independent member of its Board of Directors and a member of its Audit Committee. Miele brings substantial experience from Electronic Arts (EA), where she is President of EA Entertainment & Technology. Her expertise includes digital transformation, expanding consumer demographics, and managing international teams. On’s Co-Founder, Caspar Coppetti, expressed confidence in Miele’s ability to contribute to the Board’s expertise. Miele also expressed enthusiasm about supporting On’s next growth phase. The Board confirms that Miele meets all independence and financial literacy requirements set by the SEC and NYSE.
On Holding AG (NYSE: ONON) reported record net sales of CHF 508.2 million in Q1 2024, a 20.9% increase year-over-year, and 29.2% growth on a constant currency basis. This milestone was driven by a 39.0% surge in direct-to-consumer (DTC) sales, contributing to a 59.7% gross profit margin, up from 58.3% last year. Net income more than doubled to CHF 91.4 million, with an adjusted EBITDA of CHF 77.4 million. The company predicts at least 30% net sales growth for 2024, aiming for CHF 2.29 billion in sales. Key regions such as the Americas and Asia-Pacific showed strong growth, while new verticals like Tennis and Training have expanded their market reach.
On, a Swiss performance sportswear brand listed on NYSE as ONON, will release its first quarter 2024 financial results on May 14, 2024. The earnings conference call and webcast will be held at 8 a.m. U.S. Eastern Time. No access code needed to dial in for the call.
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