From Financial Modeling Prep: 2025-05-13 11:53:00

On Holding (NYSE:ONON) impressed investors with strong first-quarter results, exceeding expectations in revenue, earnings, and profitability. Shares surged over 11% intra-day. Earnings per share were CHF0.17, beating estimates. Revenue jumped 43% to CHF726.6 million, driven by growth in all regions. Asia Pacific saw revenue more than double.

Sales were strong online and in stores, with direct-to-consumer revenue up 45% and wholesale sales climbing 42%. Adjusted EBITDA rose 55% to CHF119.9 million, while gross margin increased to 59.9%. Despite lowering full-year revenue forecast to CHF2.86 billion, On raised constant currency growth outlook to at least 28%.



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