On Holdings Exceeds Q3 Forecasts, Boosts 2025 Financial Outlook (ONON:NYSE)
On Holdings (ONON:NYSE) has reported impressive performance in the third quarter of 2023, surpassing forecasts and enhancing its financial outlook for 2025. The company saw a remarkable boost in sales, particularly in the Asian market.
Strong Performance in Asia
Sales in Asia nearly doubled, reaching CHF 144.9 million (approximately $181.35 million). This significant increase contributed to the overall growth of On Holdings.
Growth in Key Categories
On Holdings achieved notable gains across several product categories. The footwear, apparel, and accessories segments all experienced substantial sales increases.
Financial Outlook for 2025
Given the effective sales strategy and market expansion, On Holdings has adjusted its financial outlook for 2025. The company is optimistic about continuing growth, driven by strong demand in various sectors.
Key Highlights
- Sales in Asia rose to CHF 144.9 million ($181.35 million).
- Footwear, apparel, and accessories categories showed significant growth.
- Enhanced financial outlook for 2025 projected.
The robust performance in Q3 not only underscores On Holdings’ market strength but also positions the company favorably for future growth. Investors can look forward to continued positive trends in the upcoming quarters.
