Nisha Sherman's questions to On Holding AG (ONON) leadership • Q4 2024
Question
Nisha Sherman requested more color on the cadence of 2024 headwinds to help model 2025 growth and asked for confirmation of the wholesale door growth outlook for the coming year.
Answer
Co-CEO Marc Maurer confirmed the wholesale door growth plan, expecting an increase from 10,700 to approximately 11,300 doors in 2025, primarily through existing key accounts and a new partnership with Snipes in Europe. CFO and Co-CEO Martin Hoffmann acknowledged that operational disruptions in Q2 2024 impacted the channel mix, suggesting a favorable comparison for H1 2025, but emphasized the focus is on strong full-year execution, which is supported by current preorder trends.