On Holding Reports Strong Q1 2023 Earnings with Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Source: seekingalpha
- Earnings Highlights: On Holding reported a Q1 GAAP EPS of CHF 0.31 and revenue of CHF 831.9 million, reflecting a 14.5% year-over-year growth, indicating strong market performance and growth potential.
- Sales Forecast: Net sales are expected to grow by at least 23% year-over-year, implying reported net sales of at least CHF 3.51 billion at current spot rates, showcasing the company's expansion capabilities in global markets.
- Gross Margin Improvement: The gross profit margin is expected to reach at least 64.5%, reflecting On Holding's operational strength and premium execution, while accounting for a 20% incremental tariff on products imported from Vietnam to the U.S.
- Channel Growth: Net sales through the direct-to-consumer channel increased by 16.4% to CHF 322.3 million, while wholesale channel net sales rose by 13.3% to CHF 509.6 million, demonstrating strong performance across different sales channels.
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Analyst Views on ONON
Wall Street analysts forecast ONON stock price to rise
21 Analyst Rating
18 Buy
2 Hold
1 Sell
Strong Buy
Current: 39.750
Low
30.00
Averages
60.79
High
85.00
Current: 39.750
Low
30.00
Averages
60.79
High
85.00
About ONON
On Holding AG is a Switzerland-based company active in athletic sports accesories industry. The Company provides footwear and sports apparel and is engaged in developing and distributing performance sports products, through independent retailers and global distributors. The Company sells its products trough the internet and its own stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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