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Feb 16
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$45.29
$47.33
+4.5%
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N/A
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Finnhub News
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Finnhub - ONON
On Holding AG-Class A (NYSE:ONON) Passes Key ...
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Feb 11
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$45.29
$47.33
+4.5%
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AVOID
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Elliott Hill
CEO, Nike
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"Running back to double digit growth" and the explicit goal is "taking back market share." The bull case for On Running (ONON) and Hoka (DECK) was largely predicated on Nike abandoning the specialty running category. If Nike effectively counter-attacks with its massive scale, distribution, and "newness" in running, the premium growth multiples on these competitors face compression. AVOID. The competitive moat for challengers is narrowing as the incumbent wakes up. Nike's new product innovation fails to resonate; ON/Hoka brand loyalty proves stickier than expected. |
Bloomberg Markets
Nike CEO Hill Sees Turnaround Spreading Acros...
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