Analyzing the Growth Potential of On Holding: Can It 10x Over the Next Decade?
Challenging Industry Leaders
On Holding (NYSE: ONON) is making waves in the athletic footwear market by offering premium products that cater to affluent shoppers. With endorsements from top athletes and unique product designs, On is posing a challenge to industry giants like Nike and Adidas.
Strong Financial Performance
- Sales increased by 47% year over year in 2023.
- Profitability improved with industry-leading gross margins and an increase in net income.
Despite inflation concerns, On Holding has maintained its premium prices and reported impressive results.
Potential for Growth
On Holding is still in its growth phase with plans for global expansion. With a projected compound annual growth rate (CAGR) of 26% and strong sales growth, the stock has the potential to 10x over the next 10 years.
Consider investing in On Holding for long-term growth potential.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.