3 Key Things From On Holding's (ONON) Earnings Call That Investors Should Know

Last week, On Holding (NYSE: ONON), the Swiss maker of On Cloud and other premium athletic shoes and apparel, released a better-than-expected third-quarter 2023 report.

On's revenue and earnings raced by Wall Street's estimates. Revenue surged 47% year over year to 480.5 million Swiss francs (CHF), or about $525 million, exceeding the $508 million analysts had expected. Adjusted earnings per share (EPS) soared 186% to 0.20 CHF (about $0.22), surpassing the $0.17 analyst consensus estimate.

Moreover, management raised its full-year 2023 revenue guidance to 1.79 billion CHF, up from 1.76 billion CHF. The new outlook implies annual growth of more than 46%.

Source Fool.com