High-End Sneaker Maker On Holding's Costs Rise as Sales Set a Record
ONONOn AG(ONON) Investopedia·2024-11-13 01:10

Key TakeawaysOn Holding posted record sales, but expenses and negative foreign currency exchange hurt profits.The high-end sneaker maker backed by tennis great Roger Federer said exposure at the Paris Olympics and success of athletes that wear its sneakers boosted brand awareness.On Holding raised its full-year revenue outlook. On Holding AG (ONON) shares bounced between gains and losses Tuesday after the maker of high-end sneakers reported mixed results as higher costs and foreign currency impacts offset ...