ONON: Sales Soar, Guidance Increased
Here's our initial take on On Holding's (NYSE: ONON) fiscal 2025 second-quarter financial report.
You wouldn't know there was intense global economic uncertainty based on On Holding's Q2 results. Revenue for the Switzerland-based premium footwear, apparel, and accessories manufacturer soared by 32% year over year, or by 38.2% adjusting for currency, while direct-to-consumer sales rocketed 47.2% higher. The wholesale channel was strong as well with 23.1% revenue growth.
Geographically, On reported solid growth across the board. Revenue was up 42.9% in Europe, Middle East, and Africa, up 16.8% in the Americas, and up 101.3% in the Asia-Pacific region. Revenue from shoes soared 29.9% to 704.9 million Swiss francs, accounting for most of On's sales, while revenue from apparel jumped 67.5% to 36.7 million Swiss francs.
Source Fool.com
