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On Holdings crushes Q3 expectations, raises FY25 guidance Comments Driven by strong sales in Asia – which nearly doubled to CHF 144.9 ($181.35M) – and significant gains in its footwear, apparel, and accessories’ categories, On Holdings (ONON) posted another upbeat quarter, beating Wall Street’s expectations and driving shares as Quick Insights Growth in Asian sales and significant gains in footwear, apparel, and accessories categories fueled On Holdings' outperformance and surprise to Wall Street. On Holdings raised sales and profit margin forecasts for FY25, guiding for 34% revenue growth, higher gross profit margin (62.5%), and improved EBITDA margin (above 18.0%). Risks include underwhelming U.S. sales performance, concerns about the brand's pricing and audience limiting market size, and intensifying competition from Nike and other top sports apparel brands. Recommended For You More Trending News
