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Why On Holding Stock Surged Today

TheMotleyFool

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Shares of On Holding (NYSE: ONON) leaped 18% on Wednesday after the Switzerland-based premium footwear maker boosted its full-year sales and profit forecast.

Image source: Getty Images.

On's third-quarter net sales grew by 24.9% to 794.4 million Swiss francs ($996 million), or 34.5% when adjusting for currency fluctuations.

Source Fool.com

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