StocksRunner logo
mail
 
menu
 
 
 
 
»
 

Soaring Stock Price! Did On Holding Q1 Results Impress Investors?

 
  • user  Shai.Gal
  •  
    Shai.Gal  Shai.Gal
     
      
     
     
     

    Shai Gal is a highly experienced financial journalist with expertise in the tech industry and dividend growth stocks. He has a strong track record of producing insightful content that helps investors make informed decisions. Shai is skilled in conducting in-depth research and analysis to identify trends and opportunities in the market.

     
 
 
 

stocks on the run

 
 
 

Summary

 
•  
On Holding's soaring share price jumped by 16% following outstanding Q1 2023 earnings.
 
•  
The Swiss sports shoe company reported a staggering 21% surge in net sales to $559.6 million.
 
•  
The company's game-changing footwear tech and inspiring brand story continue to fuel investor excitement.
 

Soaring Stock Price! Did On Holding's Stellar Q1 Results Impress Investors?

 

On Holding AG, the Swiss sports shoe company, has set the investor community abuzz with its blockbuster first-quarter performance. The company's soaring stock price, skyrocketing by an impressive 16% following the release of its stellar financial results, reflects the growing investor confidence in this innovative and rapidly expanding brand.

 

For the first quarter of 2023, On Holding reported a significant 21% increase in net sales, reaching an impressive $559.6 million. This remarkable sales growth was accompanied by a surge in adjusted profit, which soared to $0.36 per share, substantially higher than the $0.15 per share recorded in the previous quarter. These outstanding figures not only surpassed analyst expectations but also demonstrated the company's ability to capitalize on the burgeoning demand for its unique footwear products.

 

Buoyed by this strong performance, On Holding reaffirmed its robust guidance for the entire year, projecting at least 30% growth in net sales on a constant currency basis. This forecast, tempered with a cautious approach in light of the dynamic macroeconomic and consumer environment, implies net sales of at least $2.29 billion in 2024, a testament to the company's unwavering confidence in its growth trajectory.

 

Commenting on the exceptional results, Co-CEO and CFO Martin Hoffman expressed his excitement, stating, "The first quarter was a very strong start to the year and another step in executing our long-term strategy to be the most prestigious global sportswear brand. We are excited that we exceeded our expectations and passed the half billion mark in net sales in a single quarter."

 

"The first quarter was a very strong start to the year and another step in executing our long-term strategy to be the most prestigious global sportswear brand. We are excited that we exceeded our expectations and passed the half billion mark in net sales in a single quarter."

 

On Holding's meteoric rise can be attributed to its inspiring brand story and game-changing footwear technology. Founded by the Swiss Ironman champion Olivier Bernhard, the company's genesis was rooted in Bernhard's relentless pursuit of performance enhancement. Collaborating with an engineer, Bernhard developed a groundbreaking shoe design featuring holes in the sole, which revolutionized the running experience and propelled the brand to new heights.

 

The company's ascent was further fueled by its strategic partnerships with professional athletes and high-profile endorsements, such as the agreement with tennis legend Roger Federer to produce a dedicated tennis shoe. These collaborations not only bolstered the brand's credibility but also amplified its reach across various sports disciplines.

 

Investors have taken note of On Holding's remarkable journey, from its humble beginnings as a niche running club to its current status as a global powerhouse valued at $11.3 billion. With a 31.6% surge in its stock price since the beginning of the year and an 8% rise over the past 12 months, the company's shares have been a coveted asset in the investment community.

 

As On Holding continues to exceed expectations and deliver on its ambitious growth targets, investors are eagerly anticipating the brand's further expansion into new markets and product categories. With its innovative approach, compelling brand narrative, and a relentless focus on performance, On Holding is poised to capture an even larger share of the lucrative sportswear market, solidifying its position as a formidable force in the industry.

 
 

ONON Stock Analysis

 
Last Price
Change
41.73
-1.08%

 

Total Score

Not Enough Information
 
 
 

Strengths

 

Rewards

 Earnings are forecast to grow

 
 

Risk Level

 
Risk Level
LOW
HIGH
 

ONON has Low Risk Level. Click here to check what is your level of risk

 

Unlock insights and stay ahead in the stock market game. Click Here For More ONON in-depth stock analysis.

 
 

stocks on the run

 
 
 

Unlock Exclusive Stock Insights!

Join StocksRunner.com for daily market updates, expert analyses, and actionable insights.

Signup now for FREE and stay ahead of the market curve!


Why Join?

Find out what 10,000+ subscribers already know.

Real-time insights for informed decisions.

Limited slots available, SignUp Now!

 
Login to Stocksrunner
 
 

Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.

 
 
 
StocksRunner logo

Get all the pieces of the puzzle on important data activity before the major news sources break the story and find out what happening right now and what could happen in the future

 

FIND US ON

StocksRunner on Facebook StocksRunner on Twitter StocksRunner on YouTube StocksRunner on stocktwits StocksRunner Rss
 

Receive our Daily Alerts

Discover the wisdom that over 10,000+ subscribers love! Join us for unique insights and keep ahead in the stock world. Just drop your email to get daily updates!

 
Our Services

Real-time stock market updates

Expert stock analysis

Investment strategies

Top stock recommendations

Trading signals and opportunities

 
About StocksRunner

Log In

Sign Up

Contact Us

Terms of use

Privacy Policy

 
 

Disclaimer: Past performance, whether explicitly stated or inferred from historical testing of methodologies, does not serve as an assurance of future outcomes or achievements. The displayed outcomes pertain to a strategy not historically accessible to investors and do not epitomize the returns achieved by any specific investor. The Readiness Indicators, Sentiment Indicators, and aggregate score derive from a model retrospectively applied to historical data. This model is founded on assumptions intrinsic to its construct, which may remain unverifiable and expose stakeholders to potential losses. Engaging in active trading may not be advisable for individuals possessing limited financial resources, restricted investment or trading acumen, or a conservative risk profile. Please be advised that your invested capital is subject to inherent risks.

Kindly be informed that StocksRunner and its affiliated entities ("TS") neither extend nor endorse any proposition, invitation, or recommendation concerning the acquisition or divestiture of securities, derivatives, prospective products, or any form of investment guidance or strategy.

The information presented herein serves exclusively for illustrative purposes. It is imperative not to predicate investment decisions solely on the content of this platform. Prior to making any financial commitments, it is prudent to evaluate its relevance to your specific circumstances and consult with professionals specializing in financial, tax, and legal domains.

 
 
StocksRunner logo

StocksRunner

Get the pulse of the market

 
 
 
StocksRunner logo

Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends

FIND US ON

StocksRunner on Facebook StocksRunner on Twitter StocksRunner on YouTube StocksRunner on stocktwits StocksRunner Rss

 

Receive our Daily Alerts

Unlock the knowledge that 10,000+ subscribers already cherish. Join for exclusive insights and stay ahead in the stock game! Enter your email to receive daily alerts

 
Market trends

In-depth stock analysis

Informed investment decisions

Stock market insights

Stock trading tips

Stocks analysis

Stocks trends

Stocks performance

Stocks analysis

Investment strategies

Stock strategies

Trading strategies

StocksRunner updates

StocksRunner ideas

Financial Reports

 
 

Disclaimer: The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.

Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").

This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.