On Holding Ag Class A (ONON)
NYSE:ONON
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Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.43Last Year’s EPS
-0.11Same Quarter Last Year
Strong Buy
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed robust, broad‑based growth and record profitability driven by product innovation, strong D2C and wholesale execution, and exceptional APAC expansion. The company reiterated high gross margin and adjusted EBITDA targets, highlighted numerous product and retail milestones (LightSpray, SuperFoam, Cloud franchises, apparel traction) and maintained a disciplined premium, full‑price strategy. Headwinds cited were manageable (FX, tariffs, inventory cadence, elevated marketing and a leadership transition) and were framed as known or being actively managed. Overall positives (strong top‑line, margin expansion, regional and category outperformance, and a >CHF1B cash position) materially outweigh the lowlights.Company Guidance
Record Quarterly Net Sales
Net sales reached a record CHF 831.9 million (first quarter above CHF 800M), up 26.4% year‑on‑year at constant currency and 14.5% on a reported basis.
Strong Direct-to-Consumer Growth
D2C net sales were CHF 322.3 million, growing 28.7% year‑on‑year at constant currency (16.4% reported). Company noted sustained D2C momentum and a multi-year plan to increase D2C share.
Wholesale Milestone
Wholesale quarterly net sales exceeded CHF 0.5 billion for the first time at CHF 509.6 million, up 25.1% at constant currency (13.3% reported).
Outstanding Regional Performance — APAC & Americas
Asia Pacific net sales CHF 174.0M, up 61.4% cc (44.4% reported) and now >20% of overall business; Greater China above regional average and South Korea more than tripled year‑over‑year. Americas set a record at CHF 450.7M, up 17.1% cc (3.1% reported) with overall awareness crossing 30%.
Category Acceleration — Apparel and Footwear
Shoes net sales CHF 763.7M, up 24% cc (12.2% reported). Apparel net sales CHF 55.3M, accelerating 57.5% cc (45.1% reported) and contributed >10% of D2C sales for the first time, indicating strong cross‑category acquisition.
Record Profitability Metrics
Q1 gross profit margin reached 64.2% (up from 59.9% prior year, +4+ percentage points) and adjusted EBITDA margin was 21.0% (+450 basis points year‑on‑year). Company now targets full‑year gross margin of at least 64.5% and adjusted EBITDA margin of 19.5%–20%.
Innovation and Product Momentum
Significant commercial traction for LightSpray (Busan factory expanded ~30x capacity); LightSpray Cloudmonster Hyper sold out across many channels and represented close to 20% of footwear net sales in the Boston store opening week. Cloudmonster 3 outpaced its predecessor; SuperFoam (lighter, 60–70% more energy return vs. EVA) and Cloudtilt momentum noted.
Strong Balance Sheet and Operational Efficiency
Cash position remained above CHF 1 billion; capex CHF 23.6M (2.8% of net sales). Distribution expense declined 1 percentage point to 10% of net sales and G&A was 16% of net sales (lowest in two years), reflecting scale gains and warehouse automation benefits.
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
ONON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $34.04 | $33.83 | -0.62% |
Mar 03, 2026 | $46.76 | $43.91 | -6.09% |
Nov 12, 2025 | $35.18 | $41.51 | +17.99% |
Aug 12, 2025 | $45.72 | $49.81 | +8.95% |
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.
FAQ
When does On Holding Ag Class A (ONON) report earnings?
On Holding Ag Class A (ONON) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).
What is On Holding Ag Class A (ONON) earnings time?
On Holding Ag Class A (ONON) earnings time is at Aug 18, 2026, Before Open (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 2026 (Q2) is 0.43.
