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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 31 sources · 3 days · First seen 11 days ago · Last updated 8 days ago

On Holding stock decline and Roger Federer net worth

Overview

Shares of the Swiss sportswear brand On Holding experienced a significant decline, dropping as much as 22 percent following second-quarter earnings that missed revenue estimates. While the company reported a 13 percent year-over-year increase in sales and a net profit of 105 million Swiss francs, investors reacted to the revenue miss and a lowered growth outlook.

The stock volatility had a substantial impact on tennis legend Roger Federer, who holds an estimated 2.5 to 3 percent stake in the company. Following the decline, Forbes estimated that Federer’s net worth dropped by at least 52 million dollars, causing his wealth to fall from billionaire status to approximately 952 million dollars.

On Holding executives indicated a strategic shift toward prioritizing profitability and direct-to-consumer sales over volume to protect brand integrity. Despite the stock drop, the company reported a 26 percent growth in direct-to-consumer sales and raised its full-year gross profit margin outlook to at least 65 percent.

Entities

Roger Federer · Forbes · On Holding · Uniqlo · Wall Street

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Roger Federer's net worth has fallen to approximately $952 million. gong.bg · www.burgas24.bg · www.plovdiv24.bg
[● 3 SOURCES] The stock price of On Holding dropped by nearly 19%. gong.bg · www.burgas24.bg · www.plovdiv24.bg
[● 3 SOURCES] Federer lost at least $52 million due to the stock decline. gong.bg · www.burgas24.bg · www.plovdiv24.bg
[● 3 SOURCES] Federer holds between 2.5% and 3% of On Holding's capital. gong.bg · www.burgas24.bg · www.plovdiv24.bg
[● 3 SOURCES] On Holding's annual sales forecasts were lower than analyst expectations. gong.bg · www.burgas24.bg · www.plovdiv24.bg

Timeline

8 days ago

[BUSINESS] 13 sources
Roger Federer's net worth falls below $1 billion after On Holding stock slump
Roger Federer’s net worth has fallen to approximately $952.4 million after a 19% drop in On Holding shares, caused by quarterly sales missing market expectations.
11 days ago

[BUSINESS] 18 sources
On Holding shares plunge, impacting Roger Federer's net worth
On Holding shares plunged after missing Q2 revenue estimates, causing Roger Federer to lose his billionaire status as his stake in the Swiss sportswear brand lost significant value.

Sources

brasilemfolhas.com.br · casa-dolce.com · cba24n.com.ar · clickpentrufemei.ro · clubmidland.com.ar · fmimpacto107.com.ar · index.hr · insideretail.hk · lecturas.com · lesgrandsmaitres.fr · lokosofia.gong.bg · memesita.com · news.fiu.edu · otravel.com · paparazzi.com.ar · powergame.gr · ppcpost.com · sport.aktuality.sk · sport.burgas24.bg · sport.plovdiv24.bg · sport.sk · sport.t-online.de · sportnews.bz · sportskeeda.com · sportune.fr · stirileprotv.ro · wdez.com · wkzo.com · wochentlich.de · wtvbam.com · www2.welovetennis.fr