On Holding AG Posts 14.5% Q1 Sales Growth, Raises Margin Outlook
On Holding AG reported record Q1 net sales of 831.9 million Swiss francs, up 14.5% year-over-year, marking its first quarterly revenue above 800 million CHF. The company raised its profit margin outlook following stronger Asian and clothing sales while executives cautioned about an aggressive Nike fightback.
1. Record First-Quarter Sales
On Holding AG achieved record first-quarter net sales of 831.9 million CHF, a 14.5% increase from last year, propelled by robust demand in Asia and growth in clothing categories.
2. Profit Margin & Competitive Outlook
Following this performance, the company raised its profit margin outlook and highlighted continued expansion in key markets but noted that increased competition from Nike will intensify market dynamics.
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Sources
FBP