On Holding: The Next Consumer Apparel Juggernaut?
ONONOn AG(ONON) Seeking Alpha·2024-06-25 19:03

White Bear Studio/iStock via Getty Images In the world of consumer apparel, there's no doubt that Nike (NKE) is currently the king. The company, which is worth roughly 146billioninmarketcap(asoflastclose),didmorethan146 billion in market cap (as of last close), did more than 50 billion in sales and $5 billion in profit over the last twelve months, which puts it in a class of its own: TradingView On a revenue basis, this industry megalith is roughly 5x larger than its closest competitor, V.F. Corp (VFC), and on a profit basis, NKE is more than 3x the si ...