On Holdings Shows Resilience with Strong Q3 Performance

2 months ago

Carol Masser

"So I know on holdings sticker on on this is the Swiss uh sneaker brand that's been backed by Roger Federer um I think by you guys and it's also pretty well known among learners. Um the company you know raised it sales and uh profit forecast after a strong third quarter especially in Europe and Asia. We saw sales in Asia more than double in the quarter. Um, the company already sells one of the most expensive running shoes in the industry, but its CEO told Bloomberg that even though it raised its prices in the US, people are still buying it shoes. And I think this just kind of shows that people with money are still spending."

The segment about on holdings focuses on the company's robust Q3 performance, with sales in Asia more than doubling and raised profit forecasts in Europe and Asia. The Swiss sneaker brand, backed by Roger Federer, appears resilient as consumers continue spending even after raising prices in the US.

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