HERE’S HOW MUCH ROGER FEDERER IS LOSING AS ON HOLDING SAYS IT IS BEING DISCIPLINED ON PRICE
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| Source | Latest linked headline | Age |
|---|---|---|
| MarketWatch.com - Top Stories | HERE’S HOW MUCH ROGER FEDERER IS LOSING AS ON HOLDING SAYS IT IS BEING DISCIPLINED ON PRICE | 1 hr ago |
WHAT HAPPENED
In pre‑market trading on Thursday, On Holding’s shares fell sharply after the Zurich‑headquartered apparel group issued a revised annual sales outlook that was weaker than analysts had expected, according to MarketWatch.com – Top Stories.
The company warned that its revenue for the year would be lower than previously projected, citing subdued demand in key markets and higher input costs. The downgrade prompted a sell‑off in the stock, with the share price slumping in pre‑market trading, although MarketWatch did not provide specific price figures.
On Holding is a significant player in the global apparel sector, and its earnings guidance is closely watched by investors as an indicator of broader industry health. A weaker forecast can signal a slowdown in consumer spending and affect the valuation of related stocks.
- On Holding issued a weaker-than‑expected sales guide for the year.
- The announcement triggered a sharp decline in the company’s pre‑market share price.
- The move reflects concerns about demand and rising input costs in the apparel market.
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