财务数据和关键指标变化 - 第一季度净销售额达到5.082亿瑞士法郎,同比增长20.9%,按固定汇率计算同比增长29.2% [9][27][28] - 毛利率达到59.7%,较上年同期的58.3%有所提升 [46] - 调整后EBITDA利润率为15.2%,较上年同期的14.5%有所提升 [50] - 净利润达到9.14亿瑞士法郎,创历史新高 [50] 各条业务线数据和关键指标变化 - 鞋类业务净销售额增长21%至4.847亿瑞士法郎,其中高性能跑鞋系列表现出色 [42] - 服装业务净销售额增长16.7%至1,970万瑞士法郎,公司调整了大部分产品的尺码以更好满足全球客户需求 [44][45] 各个市场数据和关键指标变化 - 欧洲中东非洲(EMEA)地区净销售额增长6.1%至1.262亿瑞士法郎,按固定汇率计算增长10.4% [34][35] - 美洲地区净销售额增长22%至3.296亿瑞士法郎,按固定汇率计算增长30.4% [37][38] - 亚太地区净销售额增长68.6%至5,240万瑞士法郎,按固定汇率计算增长90.7% [40][41] 公司战略和发展方向及行业竞争 - 公司继续专注于成为全球最高端的运动品牌,在跑步、零售和服装等核心战略领域取得进展 [10][11][13][17] - 在跑步领域,公司通过创新产品和本地跑步俱乐部等策略,在多个城市实现10%以上的市场份额 [12][13] - 公司加快了自有零售店的开设,目前已有50家门店,其中34家为自营 [13][14] - 公司在选择批发合作伙伴时保持谨慎,专注于高端渠道和年轻消费者 [15][16] - 公司服装业务取得快速增长,并与FKA Twigs等艺术家展开合作,提升品牌形象 [17][18] 管理层对经营环境和未来前景的评论 - 管理层对公司在2024年第一季度的出色表现感到自豪,并对全年保持乐观态度 [9][58][59] - 公司预计全年按固定汇率计算的净销售额增长至少30% [59] - 公司将在即将到来的奥运会期间进行大规模的营销活动,以进一步提升品牌知名度 [53][54][55][57] 问答环节重要的提问和回答 问题1 **Jay Sole 提问** 询问公司在亚洲市场,特别是中国和其他地区的发展情况 [63] **Martin Hoffmann 回答** 公司在亚洲市场表现出色,尤其是在日本市场,销售增长超出预期。公司在中国也在按计划推进,包括开设更多门店和与主要商场合作开设旗舰店 [64][65][66] 问题2 **Tom Nikic 提问** 询问公司在新的批发渠道合作(如Dick's Sporting Goods、Foot Locker等)的表现情况 [72] **Caspar Coppetti 回答** 这些大型批发渠道正在成为公司业务的重要组成部分,公司正在学习如何更好地服务这些渠道,确保产品和体验能满足消费者需求。公司正在持续扩大在这些渠道的门店数量 [73][74] 问题3 **Christina Fernandez 提问** 询问公司订单情况和对下半年的预期 [77] **Martin Hoffmann 回答** 公司第二季度开局良好,需求保持强劲。尽管在某些产品和颜色上存在供给短缺,但公司有信心能满足下半年的强劲需求,支撑公司全年指引 [78][79][80]

Sales are surging as awareness grows.Shares of shoe company On Holding (ONON 15.51%) jumped to new 52-week highs on Tuesday after the company reported financial results for the first quarter of 2024. As of 10:30 a.m. ET, On stock was up 15%.Consumers are buying more shoes directly from OnOn is based in Zurich, and reports its earnings results in Swiss francs. But I'll reference the approximate U.S. dollar equivalent for simplicity.In Q1, On generated record quarterly net sales of over $560 million, which wa ...

On Holding (ONON) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 137.50%. A quarter ago, it was expected that this running-shoe and apparel company would post earnings of $0.11 per share when it actually produced a loss of $0.06, delivering a surprise of -154.55%.Over the last four q ...

Key PointsOn exceeded the analysts' consensus and raised guidance. Guidance is cautious. The company is gaining traction in its core market and expanding into new verticals. Analysts favor the stock and have been lifting their targets, a trend that should continue. 5 stocks we like better than ONOn’s NYSE: ONON Q1 results prove it is gaining traction with athletes and is on track to dethrone Nike NYSE: NKE as the god of running shoes. The company’s results exceeded expectations on strength in all channels, ...

On Holding AG (ONON) is scheduled to report first-quarter 2024 results on May 14, before the opening bell. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 154.6%.Q1 EstimatesThe Zacks Consensus Estimate for the bottom line is pegged at 16 cents per share, indicating no change from the year-ago levels. In the past 30 days, estimates for current-quarter earnings have witnessed downward revisions of 5.9%. The consensus mark for revenues is pegged at $555.5 million, s ...

mohd izzuan/iStock via Getty Images Shares of On Holding (NYSE:ONON) are stuck in a range for more than a year now, resulting from a combination of waning sales momentum and the disappearance of a strong beat-and-raise guidance policy in the last two quarters. YCharts However, the waning sales momentum was not due to the weaknesses in the underlying business and demand for On shoes, but intentional as the company reorganized its wholesale operations in some geographies and focused on profitable growth versu ...

This hot growth stock is just getting started.Growth stocks are soaring in the bull market, but new data about inflation put the brakes on the market's rise last week. Will inflation keep moving up? Will the Federal Reserve cut interest rates? Is a recession still a possibility?These kinds of questions keep economists on their toes, but smart investors zoom out and focus on the long term. Ten years from now, whether or not there was a recession in 2024 will be largely irrelevant. The economy should keep gro ...

In the latest trading session, On Holding (ONON) closed at $31.98, marking a -0.53% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. On the other hand, the Dow registered a gain of 0.8%, and the technology-centric Nasdaq increased by 1.24%.Prior to today's trading, shares of the running-shoe and apparel company had gained 0.41% over the past month. This has outpaced the Consumer Discretionary sector's loss of 1.14% and lagged the S&P 500's gain o ...

财务数据和关键指标变化 - 2023年全年收入达到17.9亿瑞士法郎,同比增长46.6%,按固定汇率计算增长55% [27][28] - 2023年毛利率达到59.6%,持续提升公司的高端定位 [28] - 2023年调整后EBITDA利润率达到15.5%,同比提升200个基点,超过15%的目标 [49] - 2023年实现创纪录的现金流量163百万瑞士法郎 [55] 各条业务线数据和关键指标变化 - 运动鞋业务2023年Q4增长20.4%,其中Cloudmonster系列表现出色 [46][47] - 服装业务2023年Q4增长60.1%,DTC渠道增长110% [44][45] - 公司正在推出网球服装系列,预计将吸引新客群 [45] 各个市场数据和关键指标变化 - 美洲地区2023年Q4收入增长18.5%,为公司历史最高 [42] - 欧洲地区2023年Q4收入增长22.9%,DTC渠道强劲增长抵消了部分批发渠道的收缩 [41] - 亚太地区2023年Q4收入增长57.7%,按固定汇率计算增长超过75% [43] 公司战略和发展方向 - 公司将继续扩大DTC渠道,包括开设100家新零售店,并提升线上电商能力 [35][62][63] - 公司将进一步拓展服装业务,并推出网球服装系列,以吸引新客群 [45][60][61] - 公司将利用2024年巴黎奥运会的机会,展示创新产品并提升品牌影响力 [22][59] 管理层对经营环境和未来前景的评论 - 公司看好未来需求前景,2024年预计按固定汇率计算收入增长至少30% [70] - 公司将继续提升毛利率至60%左右的目标水平,并将调整后EBITDA利润率提升至16%-16.5% [72][73] - 公司将进一步优化库存和营运资金,保持强劲的现金流 [72] 问答环节重要的提问和回答 问题1 **Aubrey Tianello提问** 询问2024年Q1批发渠道的表现预期 [77][78] **David Allemann回答** 预计Q1批发渠道受到欧洲门店关闭的影响较大,但整体批发渠道增长将保持在35%左右的水平 [78][79] 问题2 **Chad Britnell提问** 询问2024年DTC和批发渠道的增长预期 [84][85] **Martin Hoffmann回答** 公司预计DTC渠道将继续保持强劲增长,同时批发渠道也将保持健康增长,整体实现30%以上的固定汇率增长 [85][86][87] 问题3 **Jonathan Komp提问** 询问2024年超过长期CAGR的原因,以及公司对奥运会的期望 [92] **Marc Maurer回答** 公司看好未来需求前景,产品创新和渠道拓展将推动高于长期目标的增长;奥运会是展示创新产品和提升品牌影响力的良机 [93][94][95][96]

Shares of shoe company On Holding (ONON -13.74%) crumbled on Tuesday after the company reported financial results for the fourth quarter of 2023. The company's numbers were in line with management's guidance but missed Wall Street's expectations. That's why On stock was down 14% as of 11 a.m. ET.A record year for OnOn's management provided guidance for sales, gross profit margin, and margin for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Back in the third quarter, mana ...