On Holding Misses Q2 Sales Estimates, Raises Margin Outlook Amid Tariff Pressure
ONON sits 26% above its 52-week low of $31.41.
Summary
On Holding missed Q2 net sales estimates, posting 850.3M CHF vs. the 878.16M CHF consensus, as consumers pulled back and U.S. tariffs raised costs. Americas growth slowed to 13% from 17% in Q1, though Asia-Pacific surged 54.7%. Management is prioritizing profitability over volume, raising the full-year gross margin target to at least 65% from 64.5%. The full-year sales outlook was widened to 3.47B–3.56B CHF from about 3.51B CHF, reflecting uncertainty. The miss and tariff headwinds overshadow the margin raise, putting pressure on the stock.
At the time of this announcement, ONON was trading at $39.58 on NYSE in the Trade & Services sector, with a market capitalization of approximately $12.8B. The 52-week trading range was $31.41 to $52.20. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.