๐ On Holding $ONON tanks 22% โ Q2 sales miss by nearly 24% as US growth stalls
On Holding's Q2 came in rough โ net sales of CHF 850M, missing the CHF 1.11B consensus by nearly 24% as Americas revenue growth slowed from 17% to just 13% quarter over quarter. The wholesale channel nearly stalled at +4.8%. Company did raise its 2026 gross margin outlook, but the market is punishing it hard. Not financial advice. Is $ONON a buy-the-dip, or is the hype finally over?
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