2023-08-15 05:23:39 ET
- On Holding press release ( NYSE: ONON ): Q2 Non-GAAP EPS of CHF 0.04.
- Revenue of CHF 444.3M (+52.3% Y/Y).
- Adjusted EBITDA reached CHF 62.7 million, nearly doubling from CHF 31.4 million in the prior year period.
- On is raising its outlook for net sales to reach at least CHF 1.76 billion in the fiscal year 2023, implying a full year growth rate of 44% and second half year growth rate of close to 30%.
- On a constant currency basis, the increased outlook implies a growth rate of 44% for the second half of the year.
- On is maintaining its previous outlook on gross profit margin and adjusted EBITDA margin of 58.5% and 15.0% respectively.
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On Holding Non-GAAP EPS of CHF 0.04, revenue of CHF 444.3M; raises FY23 guidance