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On Holding has been growing a lot faster than its larger peers. Gross margins for the athletic-wear maker are stabilizing and expanding.
The latest trading day saw On Holding (ONON) settling at $26.80, representing a +0.9% change from its previous close.
On Holding is a fast-growing company with a strong and growing brand power, making it an attractive investment opportunity. The company's strong momentum implies that the brand power is getting stronger, which is likely to support continued future growth. On Holding has a strong balance sheet and earnings momentum, with expanding margins and a healthy financial position.
In the closing of the recent trading day, On Holding (ONON) stood at $26.25, denoting a -1.43% change from the preceding trading day.
On Holding kicked 2023 off with a bang by announcing its financial results for 2022 and setting expectations for the year. The company exceeded its 2023 guidance and believes its business can double again by 2026.
On Holding AG (NYSE: ONON) has lost nearly 10% over the past three weeks but a UBS analyst is convinced it's positioned for a massive rally in 2024.
On carved a high-growth niche with its CloudTec running shoes. Its focus on high-end consumers and the expansion of its DTC channel are boosting gross margins and profits.
Nike's inventory decrease suggests a positive outlook for the sporting goods sector and a likely gross margin recovery. On feels comfortable with its 2026 targets. Higher sales, new store openings, and operating leverage are critical advantages of On Holding's earnings growth story. On Holding's product innovation and growth potential led the company to an upgraded valuation.
Increasingly more people are wearing On Running shoes today, marking the brand's shift from elite running circles to widespread consumer adoption. On Holding AG is taking market share from larger footwear companies like Nike, Adidas, Under Armour, etc., and I expect this trend to last for at least another few years. Strong revenue growth, expanding margins, increasing profitability, and global brand makes On Running one of the best consumer stocks going into 2024.
Consumers are increasingly differentiating among athletic footwear based on form, function, and fashion. The company's strong sales and earnings growth targets only require it to continue growing at its present pace.