Why Roger Federer-Backed On Holding (ONON) Is Trending After Hours

On Holding AG (NYSE:ONON) shares are trending on Thursday.

Check out the current price of ONON stock here.

Shares of the athletic apparel company jumped 17.99% on Wednesday to close at $41.51, according to Benzinga Pro data. The stock slipped slightly in after-hours trading, edging down 0.26% to $41.40.

Q3 Revenue Growth Drives Rally

On Holding, backed by Roger Federer and with Zendaya serving as a brand partner, reported third-quarter net sales of CHF 794.4 million ($994.6 million), up 24.9% from a year earlier and 34.5% higher on a constant-currency basis.

Direct-to-consumer sales rose 27.6% to CHF 314.7 million ($394.01 million), while wholesale sales climbed 23.3% to CHF 479.6 million ($600.48 million).

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Why Roger Federer-Backed On Holding (ONON) Is Trending After Hours

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