2024-05-12 08:21:29 ET
Summary
- On Holding's share price has been stuck in a range due to waning revenue growth and a lack of beat-and-raise guidance in the last two quarters.
- The slowdown in sales was intentional as the company reorganized its wholesale operations for profitable growth.
- The overall business is in good shape and Q1 should be a trough quarter in terms of growth rates, followed by reacceleration in the following quarters.
- ONON needs a strong first quarter and an increase in full-year guidance for renewed momentum.
Shares of On Holding ( 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....
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On Holding Needs A Strong First Quarter For Renewed Momentum