Positive Guidance Boost for on Holdings

2 months ago

"Yeah, shoemaker on holdings. This is the Swiss sneaker brand that is backed by Roger Federer. I'm actually currently wearing a pair right now, Nathan. Of course. They're up shares are up nearly 9% in pre-market trades. A Swiss company, but it's listed in the US. They came out with a beat and a guidance raise as sales in Asia and Europe soared in the previous quarter leading them to boost their fullear sales forecast. So there is some progress and in terms of beating out the more dominant sneaker players such as Nike and Puma it seems like on on cloud on holdings is doing a very good job doing that. Now note that shares have been depressed this year. They're down around 35%. They have actually underperformed rivals amid the tariff dispute between the US and Switzerland and the broader uh negotiations around apparel tariffs when it comes to uh exports from China. So on holdings bucking that recent trend in the green up nearly 9%."

The commentary highlights on Holdings, a Swiss sneaker brand backed by Roger Federer, that has outperformed recently with a beat in earnings and a guidance raise, resulting in a 9% pre-market gain despite previous underperformance.

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