On Aktie News

ZURICH, Switzerland--(BUSINESS WIRE)--On Elects Laura Miele as a New Independent Member of the Board of Directors.

MercadoLibre is looking at multiple growth drivers within its e-commerce and fintech businesses. Athletic-shoe maker On Holding has barely scratched the surface of its large market opportunity.

The athleticwear maker is still fairly unknown globally, giving it tons of room to run. On has a resilient model that supports growth even amid challenges like inflation.

On Holdings is a Swiss company that is gaining popularity in the running shoes and sportswear. The company could triple its sales and still would make less than some competitors like Under Armor today. There's a long run ahead. I think ON is currently a hold after having risen more than 20% post-Q1 2024 results, but I'll be waiting for a buy opportunity in the short term.

On Holding beat estimates on the top and bottom lines. The company continues to gain market share amid a difficult environment in its industry.

Another record quarter should lead off a record year of sales for On Holding. The company thinks strong demand will result in at least 30% sales growth in 2024.

CNBC's Jim Cramer on Thursday picked two footwear stocks he thinks are headed for success: On Holding and Deckers Outdoor.

On Holding AG (NYSE:ONON ) Q1 2024 Earnings Conference Call May 14, 2024 8:00 AM ET Company Participants Jerrit Peter - Head, IR Caspar Coppetti - Executive Co-Chairman and Co-Founder Martin Hoffmann - CFO & Co-CEO Marc Maurer - Co-CEO Conference Call Participants Jay Sole - UBS Tom Nikic - Wedbush Christina Fernandez - Telsey Advisory Group Aubrey Tianello - BNP Paribas Chad Britnell - Morgan ...