On Holding Sees First Quarter Sales Record on Global Demand

Exec Edge05-15

By Karen Roman Swiss-based On Holding AG (NYSE: ONON) said it had record net sales exceeding CHF 500 million ($551 million) in the first quarter on demand across all product categories. On’s direct-to...

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The company reaffirmed its full-year guidance of at least 30% growth in net sales.“Looking ahead, we’re extremely excited for the months to come, filled with groundbreaking innovations, big partnerships, and the opportunity to have a notable impact in Paris this summer,”said Martin Hoffmann, Co-CEO and CFO of On.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ONON":"On Holding AG"},"translate_title":"On Holding看到全球需求的第一季度销售记录","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ONON":0.9},"content_text":"By Karen Roman\nSwiss-based On Holding AG (NYSE: ONON) said it had record net sales exceeding CHF 500 million ($551 million) in the first quarter on demand across all product categories.\nOn’s direct-to-consumer net sales rose 39% to CHF 190.5 million and represented 37.5% of total net sales, it said.\nGross profit rose 23.9% to CHF 303.3 million, while gross profit margin increased to 59.7% from 58.3%, it reported. Net income grew 106.0% to CHF 91.4 million and net income margin expanded to 18.0% from 10.6%.\nOn’s adjusted EBITDA margin increased to 15.2% from 14.5%, and its adjusted net income grew to CHF 106.5 million, it said. The company reaffirmed its full-year guidance of at least 30% growth in net sales.\n“Looking ahead, we’re extremely excited for the months to come, filled with groundbreaking innovations, big partnerships, and the opportunity to have a notable impact in Paris this summer,” said Martin Hoffmann, Co-CEO and CFO of On.\nContact:\nExec Edge\nexecutives-edge.com\nEditor@executives-edge.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.23.1","shortVersion":"4.23.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2435588546"}