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On Holding AG (ONON)
NYSE:ONON
Holding ONON?
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
-0.05Same Quarter Last Year
Strong Buy
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 18, 2022
|% Change Since: 6.87%
|Next Earnings Date:Nov 16, 2021
Earnings Call Sentiment|Positive
The earnings call for ONON demonstrated a strong performance with record net sales and significant growth in key regions like APAC. The company also reported increased brand awareness and a strong D2C channel performance. However, there were some operational challenges in Q2, constraints in apparel growth, and a significant FX loss. Despite these lowlights, the company's overall performance and future outlook remain positive.Company Guidance
During the ONON Q3 2024 earnings call, the company highlighted their impressive financial performance and strategic advancements. ONON achieved CHF 636 million in net sales, marking a 33% growth on a constant currency basis, with a gross profit margin of 60.6% and an adjusted EBITDA margin of 18.9%. The D2C channel grew by 49.8%, constituting 38.8% of total net sales, while the APAC region experienced an 85.7% increase in constant currency sales. The company emphasized brand awareness efforts, with U.S. brand awareness nearly doubling to 20% and tripling in Paris. The call also noted strategic investments in innovation, distribution efficiencies, and retail expansion, as well as the anticipation of surpassing prior guidance with a projected full-year net sales growth of at least 32% and a gross profit margin of around 60.5%.Record Net Sales Growth
ON reached CHF 636 million in net sales in Q3, growing by 33% on a constant currency basis.
Strong Performance in APAC Region
APAC region net sales grew by 85.7% on a constant currency basis, contributing over 10% to global net sales for the third consecutive quarter.
Increased Brand Awareness
In the U.S., brand awareness doubled since last year, now reaching close to 20%. In Paris, brand awareness almost tripled year-over-year.
D2C Channel Growth
D2C net sales grew by 50.7% on a constant currency basis, reaching CHF 246.7 million in Q3.
Gross Profit Margin Improvement
Achieved a gross profit margin of 60.6%, increasing by 70 basis points year-over-year.
Successful Product Innovations
Innovations like LightSpray technology and product launches such as Cloudsurfer Next and Cloudrunner 2 have been well-received.
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ONON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ONON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $52.71 | $52.62 | -0.17% |
| Aug 13, 2024 | $39.55 | $41.27 | +4.35% |
| May 14, 2024 | $30.69 | $36.30 | +18.28% |
| Mar 12, 2024 | $33.62 | $30.64 | -8.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does On Holding AG (ONON) report earnings?
On Holding AG (ONON) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is On Holding AG (ONON) earnings time?
On Holding AG (ONON) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONON EPS forecast?
ONON EPS forecast for the fiscal quarter 2024 (Q4) is 0.17.
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