11:25 AM EDT, 03/12/2024 (MT Newswires) -- (Updates to add stock move in the headline and first paragraph.)

On Holding ( ONON ) shares slid 14% in recent trading after the company reported a Q4 adjusted diluted loss Tuesday of 0.05 Swiss franc ($0.06) per class A share, swinging from an adjusted EPS of 0.02 franc a year earlier.

Analysts polled by Capital IQ expected 0.13 franc in adjusted EPS.

Net sales for the quarter ended Dec. 21 were 447.1 million francs, compared with 366.8 million francs a year earlier.

Analysts polled by Capital IQ expected 453.2 million francs.

The company said it expects Q1 net sales of 495 million francs. Analysts polled by Capital IQ expect 525.3 million francs.

For the full year, On Holding ( ONON ) said it expects net sales of 2.25 billion francs. Analysts polled by Capital IQ expect 2.33 billion francs.

Price: 28.90, Change: -4.72, Percent Change: -14.04