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ON Holdings' NYSE: ONON stock price surged following the Q1 earnings release and 2025 update, leading its and other high-end retail stocks into technical price reversals.
Shares of On Holding skyrocketed ~10% after reporting Q1 results, leading me to downgrade my rating to neutral. The company raised its full-year constant currency growth expectations while dialing back margin guidance due to tariffs. ONON faces a number of risks, ranging from heavy competition to a rally in the Swiss franc that will pressure growth in Q2 and beyond.
"People are still buying their shoes," says Diane King Hall. She notes On Holding (ONON) revenue far above Wall Street estimates driving a big rally in its stock this morning.
On Holding AG (NYSE:ONON ) Q1 2025 - Earnings Conference Call May 13, 2025 8:00 AM ET Company Participants Jerrit Peter - Head of IR Caspar Coppetti - Executive Co-Chairman & Co-Founder Martin Hoffmann - CFO & Co-CEO Conference Call Participants Jonathan Komp - Baird Alex Straton - Morgan Stanley Aneesha Sherman - Bernstein Jay Sole - UBS Aubrey Tianello - BNP Paribas Anna Andreeva - Piper Sandler Tom Nikic - Needham and Company Christina Fernandez - Telsey Advisory Group John Kernan - TD Cowen Operator Hello and thank you for standing by. My name is Tiffany and I will be your conference operator today.
Here's our initial take on On Holding's (ONON 9.12%) fiscal 2025 first-quarter financial report.
On Holding (ONON) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.38 per share a year ago.
Shares of On Holding (ONON) rose on Tuesday after the Swiss sneaker maker reported better first-quarter revenue than analysts had expected and lifted its full-year sales outlook.
ZURICH, Switzerland--(BUSINESS WIRE)--On Reports First Quarter 2025 Results.
Landon Swan with @LikeFolio remains bullish heading into On Holding's (ONON) earnings on Tuesday. He notes the company has a seventeenth of Nike's (NKE) market share but has dominant growth potential.
ONON's Q1 performance is expected to have benefited from robust direct-to-consumer traction, strategic global expansion and sustained product innovation.