On Hldg

$ONON | On Holding AG Q3 '24 Earnings Highlights:

🔹 Revenue: CHF 635.8M (Est. CHF 618.7M) 🟢; UP +32.3% YoY

🔹 Core EPS: CHF 0.09 (Est. CHF 0.15) 🔴

🔹 Adjusted EBITDA: CHF 120.1M; UP +47.7% YoY

🔹 Gross Profit Margin: 60.6% (Prior Year: 59.9%)

FY24 Guidance: 

🔹 Revenue: CHF 2.29B (Est. CHF 2.31B) 🟡

🔹 Gross Profit Margin: Expected ~60.5%

🔹 Adj EBITDA Margin: Projected at upper end of 16.0%-16.5%

Segment:

🔸Direct-to-Consumer (DTC): Revenue UP +49.8% YoY; DTC channel now 38.8% of total sales, UP +450 basis points

🔸Wholesale: Revenue UP +23.2% YoY

Regional Breakdown:

🔹 EMEA: CHF 165.8M; UP +15.1% YoY

🔹 Americas: CHF 395.5M; UP +34.1% YoY

🔹 APAC: CHF 74.6M; UP +79.3% YoY

Product Category Breakdown:

🔸Shoes: CHF 603.7M; UP +32.1% YoY

🔸Apparel: CHF 26.8M; UP +33.4% YoY

🔸Accessories: CHF 5.3M; UP +53.9% YoY

CEO Commentary: 

🔸 "Our record-breaking results this quarter underscore the power of On's premium positioning and strong global demand. The remarkable growth in our DTC channel and rising brand awareness fuel our confidence as we approach the holiday season."

Additional Business Highlights: 

🔸 Achieved highest gross profit margin since IPO

🔸 Significant brand momentum driven by high-profile partnerships and successful product launches

🔸 Continued expansion in APAC and strategic store openings worldwide

Overnight profit with earnings report!

Big movements today:

Sold x2299 $ALSEN (-2,05 %) at 0.919$ (all the position)

Sold x26 $RBLX at 40.59$ (small part of the position)

Sold x3000 $EME (+0,02 %) at 0,40$ (all the position)

Bought x33 $ONON at 33,25$

Bought x3 $META (-0,33 %) at 484$

Bought x2 $MSFT (-0,47 %) at 403$

Bought x50 $RIVN (+0,76 %) at 12.67$

What do you think about this?

I'm thinking to enter $ONON today, depending on how the market goes later today. What are your thoughts on this?

https://www.marketscreener.com/quote/stock/ON-HOLDING-AG-126877786/news/On-Holding-Poised-for-Q4-Beat-as-Extremely-Strong-Brand-Heat-Persists-Wedbush-Says-46131758/

I personally think they're great shoes as well, having them since about a year, many more customers could be interested. I know my tastes have little impact on the market, but it does count for me.