On Holding’s (ONON) Management Is “So Good,” Says Jim Cramer

Shoe retailer On Holding AG (NYSE:ONON) reported a blockbuster acceptable of net yesterday aft it raised its full-year guidance for the 3rd clip successful a row. The results saw the steadfast station CHF794 cardinal successful gross and CHF0.47 successful earnings, some of which bushed expert estimates. On Holding AG (NYSE:ONON) besides guided CHF2.98 cardinal (up from erstwhile CHF2.91 billion) successful full-year revenue, which bushed estimates by a tiny margin. The abbreviated sellers of the banal person been connected Cramer’s caput this year, arsenic helium posited successful August that the steadfast would prevail. The shares are down 3% since then, but soared by 20% connected Wednesday aft the earnings. As helium discussed the earnings, Cramer remarked that he’d expected the outperformance successful the adjacent 4th and commented connected On Holding AG (NYSE:ONON)’s abbreviated sellers arsenic well:

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“On was conscionable incredible. They’re fundamentally doing the fig I expected successful like, adjacent quarter. I’ve gotta archer you, those guys are truthful good, Hoffmann’s truthful good, nary 1 seems to care. A batch of radical shorted it. Big mistake.”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.