On Holding AG (NYSE:ONON)在2024年服装销售额突破1亿瑞郎 (1.1248亿美元) 的同时，超越第四季度的盈利和收入预期。在其收益电话会议中，这家性能运动服制造商还强调了其新店开张和扩展计划。 On Holding联合首席执行官马克·毛雷尔表示，这家公司首次突破1亿瑞郎 (1.1248亿美元) 的服装销售额。他补充说，这一领域有很大的“潜力”，公司预计未来的销售数字会更高。 联合首席执行官兼首席财务官马丁·霍夫曼说：“我们成为真正从头到脚的运动服品牌的雄心体现在我们从服装中获得了超过1亿瑞郎的净销售额。” 毛雷尔补充说，公司目标是将服装销售额提升到总收入的10%。 On Holding执行联合主席兼联合创始人大卫·阿莱曼表示：“2024年，我们在巴黎香榭丽舍大街、米兰维托里奥·埃马努埃莱大街、芝加哥罗斯街和墨尔本 Emporium 等标志性地点开了19家新零售店。” 拥有公司3%股份的罗杰·费德勒也被阿莱曼在收益电话会议中感谢，因其提高了品牌在美国和Z世代中的知名度。 阿莱曼补充道：“我们将这一成绩归因于我们与辛戴亚、FKA Twigs以及罗杰·费德勒的强大合作伙伴关系，还有一整批年轻的网球选手，例如本·谢尔顿、伊加·斯维亚特克、若昂·丰塞卡。” On Holding第四季度销售额同比增长35.7%，达到6.066亿瑞郎 (6.82297亿美元)，超出预期。公司毛利率扩展到62.1%，调整后的每股收益也超出预期。 Telsey Advisory Group的分析师克里斯蒂娜·费尔南德斯表示，公司预计2025年继续增长，销售额至少增长27%，息税折旧摊销前利润率在17.0%到17.5%之间，预计到2026年达到18%的目标。尽管管理层对2025年的收入和毛利率指引略低于预期，但公司“倾向于提供可以超越的指引。” 周二On Holding股价上涨5.81%，盘后交易中再涨1.11%。虽然股价年初至今下降8.56%，但一年内上涨53.28%。 Benzinga追踪的29位分析师对该股的平均目标价为54.61美元，反映出“买入”评级。估值广泛，从33美元到73美元不等。Williams Trading、Needham和Telsey Advisory Group最近的评级均价在64.33美元，显示出潜在的25.68%的上行空间。

以上内容来自Benzinga Earnings专栏，原文如下：

On Holding AG (NYSE:ONON) surpassed the fourth-quarter earnings and revenue expectations while delivering CHF100 million ($112.48 million) in apparel sales in 2024. During its earnings call, the performance sportswear maker highlighted its new store openings and expansion plans as well.

What Happened: On Holding, for the very first time, broke CHF100 million ($112.48 million) in apparel sales, highlighted Marc Maurer, the co-CEO of the firm.

He added that the segment had a lot of “potential” and the company anticipates the sales figure to be much higher in the future.

“Our ambition to be a true head-to-toe sportswear brand is solidified in the fact that we have reached more than CHF100 million in net sales from apparel,” said the co-CEO and CFO Martin Hoffmann. Maurer added that the company aims to bring apparel sales up to 10% of the total revenue.

“In 2024, we launched 19 new retail stores in iconic locations. Think Champs-Elysees in Paris, Vittorio Emanuele in Milan, Ross Street in Chicago, and Emporium, Melbourne,” said David Allemann, the executive co-chairman and co-founder of On.

Roger Federer, who reportedly owns 3% of the company, was also thanked by Allemann for increasing the brand awareness in the U.S. and amongst Gen Z during the earnings call.

“We credit that to our strengths of blockbuster partnerships with Zendaya, FKA Twigs, with Roger Federer, and a whole roster of young tennis players, Ben Shelton, for example, Iga Swiatek, Joao Fonseca,” Allemann added.

See Also: Mark Cuban Supports Trump’s New ‘Gold Card’ Scheme If Sold To Corporations For Employee Citizenship: Here’re The Listed-Companies With Most Number Of Immigrants

Why It Matters: On Holding exceeded fourth quarter sales expectations with 35.7% year-on-year growth, reaching CHF 606.6 million or $682.297 million. The company’s gross margin expanded to 62.1%, and adjusted EPS beat estimates.

On forecasts continued growth in 2025, with at least a 27% sales increase and an EBITDA margin between 17.0% and 17.5%, on track to achieve its 18% target by 2026. While management’s 2025 revenue and gross margin guidance came in slightly short of expectations, the company “tends to provide guidance it can exceed,” said analyst Cristina Fernández from Telsey Advisory Group.

Price Action: On Holding rose 5.81% on Tuesday and advanced 1.11% in after-hours. The stock remains 8.56% lower on a year-to-date basis, however, it’s up 53.28% over a year.

Benzinga tracks 29 analysts with an average price target of $54.61 for the stock, reflecting a “buy” rating. Estimates range widely from $33 to $73. Recent ratings from Williams Trading, Needham, and Telsey Advisory Group average at $64.33, suggesting a potential 25.68% upside.

Read Next:

• Tesla Falls Nearly 23% Destroying $354 Billion Of Investor Wealth In 2025: ‘It’s Only Going To Get Worse,’ Says Top Investor

Photo courtesy: Shutterstock