{"id":753967,"date":"2023-05-02T18:25:29","date_gmt":"2023-05-02T22:25:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/on-to-release-first-quarter-results-on-tuesday-may-16-2023-and-announces-new-reporting-of-net-sales-by-geography-beginning-q123\/"},"modified":"2023-05-02T18:25:29","modified_gmt":"2023-05-02T22:25:29","slug":"on-to-release-first-quarter-results-on-tuesday-may-16-2023-and-announces-new-reporting-of-net-sales-by-geography-beginning-q123","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/on-to-release-first-quarter-results-on-tuesday-may-16-2023-and-announces-new-reporting-of-net-sales-by-geography-beginning-q123\/","title":{"rendered":"On to Release First Quarter Results on Tuesday, May 16, 2023, and Announces New Reporting of Net Sales by Geography Beginning Q1’23"},"content":{"rendered":"

<\/p>\n

On to Release First Quarter Results on Tuesday, May 16, 2023, and Announces New Reporting of Net Sales by Geography Beginning Q1’23<\/b><\/p>\n

ZURICH, Switzerland–(BUSINESS WIRE<\/a>)–
\nSwiss performance sportswear brand On (the “Company”) (NYSE: ONON) announced today that the Company will release its first quarter 2023 financial results on Tuesday, May 16, 2023, before U.S. financial markets open.<\/p>\n

\nThe Company\u2019s management will host an earnings conference call and webcast at 8:00 am U.S. Eastern Time on May 16, 2023 (2:00 pm CET on May 16, 2023). To access the live conference call by telephone, please dial the following numbers:<\/p>\n

\nUnited States: +1 561 771 14 27
\n
United Kingdom: +44 161 250 82 06
\n
Switzerland: +41 91 261 14 47<\/p>\n

\nNo access code necessary.<\/p>\n

\nA live webcast of the conference call will be available on the Company’s investor relations website and under the following Link<\/a>. Following the conclusion of the call, a replay of the conference call will be available on the Company’s website.<\/p>\n

\nIn addition, effective the first quarter of 2023, the Company will update its reporting of Net Sales by geography. Specifically, \u201cRest of World\u201d, which represented Middle East, Africa and Latin America, will no longer be reported as a geographic location. Instead, Middle East and Africa will now be combined with Europe and called Europe, Middle East & Africa (\u201cEMEA\u201d), and Latin America will now be part of the new geographic location called Americas (replacing North America as a geographic location).<\/p>\n

\nThe new reporting of Net Sales by geography has no impact on previously reported consolidated historical total Net Sales or financial results. However, for ease of comparison, the Company has provided the below table which includes Net Sales by geography for each of the four quarters in 2022 and for the twelve-month period ended December 31, 2022 as previously reported, the amounts being re-allocated from Rest of World to EMEA and Americas and the new reporting of Net Sales by geography.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Net sales by geography<\/b><\/p>\n

(Unaudited)<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n(CHF in millions)<\/p>\n<\/td>\n

\n

Fiscal year 2022 by quarter<\/b><\/p>\n<\/td>\n

\n

Fiscal year ended<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Q1’22<\/b><\/p>\n<\/td>\n

\n

Net
\n
Sales %<\/b><\/p>\n<\/td>\n

\n

Q2’22<\/b><\/p>\n<\/td>\n

\n

Net
\n
Sales %<\/b><\/p>\n<\/td>\n

\n

Q3’22<\/b><\/p>\n<\/td>\n

\n

Net
\n
Sales %<\/b><\/p>\n<\/td>\n

\n

Q4’22<\/b><\/p>\n<\/td>\n

\n

Net
\n
Sales %<\/b><\/p>\n<\/td>\n

\n

December 31,
\n
2022<\/b><\/p>\n<\/td>\n

\n

Net
\n
Sales %<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

(as previously reported)<\/i><\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nEurope<\/p>\n<\/td>\n

\n

\n74.9<\/p>\n<\/td>\n

\n

\n31.8%<\/p>\n<\/td>\n

\n

\n83.3<\/p>\n<\/td>\n

\n

\n28.6%<\/p>\n<\/td>\n

\n

\n116.4<\/p>\n<\/td>\n

\n

\n35.5%<\/p>\n<\/td>\n

\n

\n79.6<\/p>\n<\/td>\n

\n

\n21.7%<\/p>\n<\/td>\n

\n

\n354.3<\/p>\n<\/td>\n

\n

\n29.0%<\/p>\n<\/td>\n<\/tr>\n

\n

\nNorth America<\/p>\n<\/td>\n

\n

\n138.4<\/p>\n<\/td>\n

\n

\n58.7%<\/p>\n<\/td>\n

\n

\n181.7<\/p>\n<\/td>\n

\n

\n62.3%<\/p>\n<\/td>\n

\n

\n176.3<\/p>\n<\/td>\n

\n

\n53.7%<\/p>\n<\/td>\n

\n

\n242.1<\/p>\n<\/td>\n

\n

\n66.0%<\/p>\n<\/td>\n

\n

\n738.5<\/p>\n<\/td>\n

\n

\n60.4%<\/p>\n<\/td>\n<\/tr>\n

\n

\nAsia-Pacific<\/p>\n<\/td>\n

\n

\n16.4<\/p>\n<\/td>\n

\n

\n7.0%<\/p>\n<\/td>\n

\n

\n17.9<\/p>\n<\/td>\n

\n

\n6.1%<\/p>\n<\/td>\n

\n

\n24.2<\/p>\n<\/td>\n

\n

\n7.4%<\/p>\n<\/td>\n

\n

\n21.6<\/p>\n<\/td>\n

\n

\n5.9%<\/p>\n<\/td>\n

\n

\n80.2<\/p>\n<\/td>\n

\n

\n6.6%<\/p>\n<\/td>\n<\/tr>\n

\n

\nRest of World<\/p>\n<\/td>\n

\n

\n5.9<\/p>\n<\/td>\n

\n

\n2.5%<\/p>\n<\/td>\n

\n

\n8.8<\/p>\n<\/td>\n

\n

\n3.0%<\/p>\n<\/td>\n

\n

\n11.1<\/p>\n<\/td>\n

\n

\n3.4%<\/p>\n<\/td>\n

\n

\n23.4<\/p>\n<\/td>\n

\n

\n6.4%<\/p>\n<\/td>\n

\n

\n49.1<\/p>\n<\/td>\n

\n

\n4.0%<\/p>\n<\/td>\n<\/tr>\n

\n

Net Sales<\/b><\/p>\n<\/td>\n

\n

235.7<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n

\n

291.7<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n

\n

328.0<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n

\n

366.8<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n

\n

1,222.1<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

(amounts to be re-allocated)<\/i><\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nEurope, Middle East & Africa<\/p>\n<\/td>\n

\n

\n3.5<\/p>\n<\/td>\n

\n

\n1.5%<\/p>\n<\/td>\n

\n

\n4.8<\/p>\n<\/td>\n

\n

\n1.7%<\/p>\n<\/td>\n

\n

\n3.6<\/p>\n<\/td>\n

\n

\n1.1%<\/p>\n<\/td>\n

\n

\n11.8<\/p>\n<\/td>\n

\n

\n3.2%<\/p>\n<\/td>\n

\n

\n23.8<\/p>\n<\/td>\n

\n

\n1.9%<\/p>\n<\/td>\n<\/tr>\n

\n

\nAmericas<\/p>\n<\/td>\n

\n

\n2.4<\/p>\n<\/td>\n

\n

\n1.0%<\/p>\n<\/td>\n

\n

\n3.9<\/p>\n<\/td>\n

\n

\n1.4%<\/p>\n<\/td>\n

\n

\n7.4<\/p>\n<\/td>\n

\n

\n2.3%<\/p>\n<\/td>\n

\n

\n11.6<\/p>\n<\/td>\n

\n

\n3.2%<\/p>\n<\/td>\n

\n

\n25.3<\/p>\n<\/td>\n

\n

\n2.1%<\/p>\n<\/td>\n<\/tr>\n

\n

\nAsia-Pacific<\/p>\n<\/td>\n

\n

\n\u2014<\/p>\n<\/td>\n

\n

\n\u2014%<\/p>\n<\/td>\n

\n

\n\u2014<\/p>\n<\/td>\n

\n

\n\u2014%<\/p>\n<\/td>\n

\n

\n\u2014<\/p>\n<\/td>\n

\n

\n\u2014%<\/p>\n<\/td>\n

\n

\n\u2014<\/p>\n<\/td>\n

\n

\n\u2014%<\/p>\n<\/td>\n

\n

\n\u2014<\/p>\n<\/td>\n

\n

\n\u2014%<\/p>\n<\/td>\n<\/tr>\n

\n

\nRest of World<\/p>\n<\/td>\n

\n

\n(5.9)<\/p>\n<\/td>\n

\n

\n(2.5)%<\/p>\n<\/td>\n

\n

\n(8.8)<\/p>\n<\/td>\n

\n

\n(3.0)%<\/p>\n<\/td>\n

\n

\n(11.1)<\/p>\n<\/td>\n

\n

\n(3.4)%<\/p>\n<\/td>\n

\n

\n(23.4)<\/p>\n<\/td>\n

\n

\n(6.4)%<\/p>\n<\/td>\n

\n

\n(49.1)<\/p>\n<\/td>\n

\n

\n(4.0)%<\/p>\n<\/td>\n<\/tr>\n

\n

Net Sales<\/b><\/p>\n<\/td>\n

\n

\u2014<\/b><\/p>\n<\/td>\n

\n

\u2014%<\/b><\/p>\n<\/td>\n

\n

\u2014<\/b><\/p>\n<\/td>\n

\n

\u2014%<\/b><\/p>\n<\/td>\n

\n

\u2014<\/b><\/p>\n<\/td>\n

\n

\u2014%<\/b><\/p>\n<\/td>\n

\n

\u2014<\/b><\/p>\n<\/td>\n

\n

\u2014%<\/b><\/p>\n<\/td>\n

\n

\u2014<\/b><\/p>\n<\/td>\n

\n

\u2014%<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

(new reporting of Net Sales by geography)<\/i><\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nEurope, Middle East & Africa<\/p>\n<\/td>\n

\n

\n78.4<\/p>\n<\/td>\n

\n

\n33.3%<\/p>\n<\/td>\n

\n

\n88.1<\/p>\n<\/td>\n

\n

\n30.2%<\/p>\n<\/td>\n

\n

\n120.1<\/p>\n<\/td>\n

\n

\n36.6%<\/p>\n<\/td>\n

\n

\n91.5<\/p>\n<\/td>\n

\n

\n24.9%<\/p>\n<\/td>\n

\n

\n378.1<\/p>\n<\/td>\n

\n

\n30.9%<\/p>\n<\/td>\n<\/tr>\n

\n

\nAmericas<\/p>\n<\/td>\n

\n

\n140.8<\/p>\n<\/td>\n

\n

\n59.7%<\/p>\n<\/td>\n

\n

\n185.6<\/p>\n<\/td>\n

\n

\n63.6%<\/p>\n<\/td>\n

\n

\n183.7<\/p>\n<\/td>\n

\n

\n56.0%<\/p>\n<\/td>\n

\n

\n253.7<\/p>\n<\/td>\n

\n

\n69.2%<\/p>\n<\/td>\n

\n

\n763.8<\/p>\n<\/td>\n

\n

\n62.5%<\/p>\n<\/td>\n<\/tr>\n

\n

\nAsia-Pacific<\/p>\n<\/td>\n

\n

\n16.4<\/p>\n<\/td>\n

\n

\n7.0%<\/p>\n<\/td>\n

\n

\n17.9<\/p>\n<\/td>\n

\n

\n6.1%<\/p>\n<\/td>\n

\n

\n24.2<\/p>\n<\/td>\n

\n

\n7.4%<\/p>\n<\/td>\n

\n

\n21.6<\/p>\n<\/td>\n

\n

\n5.9%<\/p>\n<\/td>\n

\n

\n80.2<\/p>\n<\/td>\n

\n

\n6.6%<\/p>\n<\/td>\n<\/tr>\n

\n

Net Sales<\/b><\/p>\n<\/td>\n

\n

235.7<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n

\n

291.7<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n

\n

328.0<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n

\n

366.8<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n

\n

1,222.1<\/b><\/p>\n<\/td>\n

\n

100.0%<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

About On<\/b><\/p>\n

On<\/a> was born in the Swiss Alps with one goal: to revolutionize the sensation of running by empowering all to run on clouds. Thirteen years after market launch, On delivers industry-disrupting innovation in premium footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. Fueled by customer-recommendation, On\u2019s award-winning CloudTec\u00ae<\/a> innovation, purposeful design and groundbreaking strides in sportswear\u2019s circular economy<\/a> have attracted a fast-growing global fanbase \u2014 inspiring humans to explore, discover and dream on.<\/p>\n

\nOn is present in more than 60 countries globally and engages with a digital community on www.on.com<\/a>.<\/p>\n

\nSource: On
\n
Category: Earnings<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230502005868\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n
<\/b>On Holding AG
\n
Jerrit Peter
\n
investorrelations@on-running.com
\n<\/a>
or
\n
<\/i>ICR, Inc.
\n
Brendon Frey
\n
brendon.frey@icrinc.com<\/a><\/p>\n

Media Contact:
\n
<\/b>On Holding AG
\n
Vesna Stimac
\n
press@on-running.com<\/a><\/p>\n

KEYWORDS:<\/b> Europe Switzerland United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Footwear General Sports Sports<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

On to Release First Quarter Results on Tuesday, May 16, 2023, and Announces New Reporting of Net Sales by Geography Beginning Q1’23 ZURICH, Switzerland–(BUSINESS WIRE)– Swiss performance sportswear brand On (the “Company”) (NYSE: ONON) announced today that the Company will release its first quarter 2023 financial results on Tuesday, May 16, 2023, before U.S. financial markets open. The Company\u2019s management will host an earnings conference call and webcast at 8:00 am U.S. Eastern Time on May 16, 2023 (2:00 pm CET on May 16, 2023). To access the live conference call by telephone, please dial the following numbers: United States: +1 561 771 14 27 United Kingdom: +44 161 250 82 06 Switzerland: +41 91 261 14 47 No access … <\/p>\n

Continue reading “On to Release First Quarter Results on Tuesday, May 16, 2023, and Announces New Reporting of Net Sales by Geography Beginning Q1’23”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-753967","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOn to Release First Quarter Results on Tuesday, May 16, 2023, and Announces New Reporting of Net Sales by Geography Beginning Q1'23 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/on-to-release-first-quarter-results-on-tuesday-may-16-2023-and-announces-new-reporting-of-net-sales-by-geography-beginning-q123\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On to Release First Quarter Results on Tuesday, May 16, 2023, and Announces New Reporting of Net Sales by Geography Beginning Q1'23 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"On to Release First Quarter Results on Tuesday, May 16, 2023, and Announces New Reporting of Net Sales by Geography Beginning Q1’23 ZURICH, Switzerland–(BUSINESS WIRE)– Swiss performance sportswear brand On (the “Company”) (NYSE: ONON) announced today that the Company will release its first quarter 2023 financial results on Tuesday, May 16, 2023, before U.S. financial markets open. The Company\u2019s management will host an earnings conference call and webcast at 8:00 am U.S. Eastern Time on May 16, 2023 (2:00 pm CET on May 16, 2023). 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