Swiss sneaker maker On, backed by Roger Federer, reported strong first-quarter revenue and increased its sales forecast for the year. The company posted net sales of 508.2 million francs ($559.6 million), up from 420.2 million francs a year ago. Adjusted earnings were 0.33 Swiss francs ($0.36), significantly higher than the 0.15 francs reported in the same period last year. The company's shares surged over 10% pre-market and reached 52-week highs, with a 16% increase by mid-day trading. On's US growth was noted at 30%, and the company continues to compete strongly with Nike. The company also beat EPS estimates and saw a 15% increase in share value.
Shares surge 16% as Swiss athletic-shoe maker On doubles profit https://t.co/cdQPNYsV9X
$ONON Strong beat up 15% Net sales rose 21% to 508.2 million francs ($559.6 million). A year ago, sales were 420.2 million francs. adjusted earnings of 0.33 Swiss francs ($0.36) — higher than the 0.15 francs filed in the year-ago quarter. https://t.co/BSSVvc5wLE
$ONON (+13.7% pre) On Running Stock Leaps On Major Earnings Beat, Record Revenue - IBD https://t.co/L8kKq4rhuA
Update: $ONON stomps EPS estimates with strength in dad shoes (pictured). US growth of 30% might be as good as we see this Q. 2024 continues to be a great time to compete with $NKE Shares up >10% and eyeballing 52wk highs preMkt As featured on yesterday's #BeatsRountable https://t.co/2nvJKTKqjh https://t.co/XghZuDJ5FS
$ONON booming pre-market on results They pounded near-term calls last 15 minutes yesterday https://t.co/1nlecRi0p9
Swiss sneaker maker On, backed by Roger Federer, posts strong first-quarter revenue and nudged its sales forecast higher for the year https://t.co/Stuhm4Zu0r via @luxury #Switzerland
Swiss sneaker maker On, backed by Roger Federer, posts strong first-quarter revenue and nudged its sales forecast higher for the year https://t.co/qtpu1yUfpP