On Hldg

Huge fan of $ONON On running shoes. We think the brand is strong and lends to the stock having great long-term potential.

All these stocks hit new 52 WEEK HIGHS at some point today

Apple $AAPL (+0,21%)

Affirm $AFRM (-0,7%)

Brookfield $BN (+0,35%)

Dutch Bros $BROS

Citi $C (+0,58%)

Cameco $CCO (-1%)

Carnival $CCL (+0,27%)

Marvell $MRVL (+0,02%)

Norwegian $NCLH (-0,29%)

On Holding $ONON

Palantir $PLTR (-2,24%)

Royal Caribbean $RCL (+1,16%)

Rocket Lab $RKLB (+1,13%)

Shake Shack $SHAK (+1%)

Square $SQ (+0,51%)

Trade Desk $TTD (-0,29%)

Visa $V (+0,27%)

Walmart $WMT (+0,34%)

$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 $ALSEN (+0,88%) at 0.919$ (all the position)

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

Sold x3000 $EME (-0,11%) at 0,40$ (all the position)

Bought x33 $ONON at 33,25$

Bought x3 $META (+0,03%) at 484$

Bought x2 $MSFT (-0,01%) at 403$

Bought x50 $RIVN (+0,73%) at 12.67$

What do you think about this?