The Latest Breaking News from On Holding

Tennis legend Roger Federer announced his retirement Thursday (Sept. 15). Federer leaves the sport ranking third for men in Grand Slam titles and as one of the top earnings athletes ever.

On Holding AG (NYSE:ONON) reported first-quarter FY22 sales growth of 67.9% year-on-year, to CHF 235.7 million, compared to CHF 140.4 million the previous year. Sales through the direct-to-consumer (DTC) channel increased 68.0% to CHF 83.4 million, and the wholesale channel grew 67.8% to CHF 152.3 million. The gross profit margin for the quarter…

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Over the past 3 months, 4 analysts have published their opinion on On Holding (NYSE:ONON) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

On Holding AG (NYSE: ONON) shares are trading higher Friday after the company reported financial results. On said fourth-quarter revenue increased 53.7% year-over-year to CHF 191.1 million ($204.33 million). The company reported quarterly adjusted EBITDA of $11.98 million.