On Holding falls 7.86% despite record Q3 sales
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. On Holding (ONON) shares fell 7.86% to $34.58 as of 9:53 a.m. ET in regular trading on November 10, after the Swiss running-shoe and apparel brand posted record third-quarter net sales of CHF 931.4 million, up 17.2%. It kept its…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock fell as margins were flattered by tariff refunds, while the full-year sales outlook was unchanged.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Shares fell 7.86% to $34.58 in regular trading on November 10.
- 02Q3 net sales rose 17.2% to CHF 931.4 million.
- 03Gross margin includes CHF 52.6 million of US tariff refunds; excluding them it was 66.9%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets