On Holding Approves Share Buyback Amid Intentional Growth Slowdown
ONON On Holding AG
$32.51 -4.38%
View chart & analysis → - 1On Holding's stock price has declined by approximately 23% this year.
- 2Based on the recent quarterly report, On Holding achieved a direct-to-consumer (DTC) revenue growth rate of 34.3%.
- 3On Holding recently approved a $1 billion share buyback.
So what's the key point?
On Holding is earning well through direct sales, but its stock price has fallen by about 23%. The company has decided to buy back $1 billion worth of its own shares.
Source The Motley Fool +1 · View original ↗
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