On Holding Jogs Past Estimates in Q4
On Holding surpassed Wall Street's earnings and revenue expectations in the fourth quarter.
On Holding (NYSE:ONON), a Switzerland-based pioneer in athletic performance footwear and apparel, reported its earnings results for the fourth quarter of 2024 on March 4. Its adjusted earnings per share (EPS) of 0.33 Swiss francs (about $0.37 at the current exchange rate) exceeded the market estimate of 0.22 Swiss francs ($0.20) per share. Revenue of 606.6 million Swiss francs ($679.4 million) also topped the predicted 589.2 million Swiss francs ($662 million).
Source: Analyst estimates for the quarter provided by FactSet.
On Holding, renowned for its innovative running shoes and high-performance sportswear, has cemented its position as a global sports brand since its inception in Zurich in 2010. The company is focused on expanding its market reach through a broad distribution network that includes independent retailers, distributors, online channels, and its own retail outlets. This reach is crucial in a highly competitive market, enabling it to capture diverse consumer bases across geographic regions.
