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ONON
Benzinga
2 mins

Zendaya, Federer, And LightSpray: What's Fueling On's 20% Surge After Blowout Q3

1. ONON stock jumped nearly 20% after strong Q3 results. 2. Asia-Pacific sales grew 85%, contributing over 10% of global sales. 3. 60.1% gross profit margin exceeded expectations and raised forecasts. 4. Direct-to-consumer sales surged 50%, boosting holiday momentum. 5. Innovative LightSpray technology may disrupt future footwear manufacturing.

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FAQ

Why Very Bullish?

ONON's earnings report reflects exceptional growth and profitability, outpacing competitors like Nike and Adidas. Historical examples show stocks often react positively to strong quarterly results and growth forecasts.

How important is it?

The article details significant growth and profitability changes in ONON, which are critical indicators for stock performance.

Why Long Term?

Investments in innovation and strong sales growth indicate sustainable profitability and brand strength. Similar companies have sustained growth over multiple quarters post-strong earnings.

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