ONON - On Holding Analysts Boost Their Forecasts Following Upbeat Results | Benzinga
On Holding AG (NYSE:ONON) reported better-than-expected first-quarter financial results on Tuesday.
On Holding posted adjusted earnings of 38 cents per share, beating market estimates of 14 cents per share. The company's quarterly sales came in at $581.594 million versus expectations of $497.163 million, according to data from Benzinga Pro.
Martin Hoffmann, Co-CEO and CFO of On, said, “The first quarter was a very strong start to the year and a further step in the execution of our long-term strategy to be the most premium global sportswear brand. We are thrilled to have exceeded our expectations and surpassed the half-billion net sales mark in a single quarter. This serves as a validation of the strong demand we have experienced ...