2023-05-16 05:14:14 ET
- On Holding press release ( NYSE: ONON ): Q1 GAAP EPS of CHF0.05
- Revenue of CHF420.2M (+78.3% Y/Y)
- Shares -10% PM.
- Net sales through the direct-to-consumer (“DTC”) sales channel increased 64.3% to CHF 137.0 million;
- Net sales through the wholesale sales channel increased 86.0% to CHF 283.2 million.
- Gross profit increased 100.6% to CHF 244.9 million from CHF 122.1 million; ;
- Gross profit margin increased to 58.3% from 51.8%;
- Net income increased 209.2% to CHF 44.4 million from CHF 14.3 million;
- Net income margin increased to 10.6% from 6.1%;
- Basic earnings per share (“EPS”) Class A increased to 0.14 from 0.05;
For further details see:
On Holding GAAP EPS of $0.05 misses by $0.04, revenue of $420.2M misses by $6.57M