• The Latte
  • Posts
  • Forget about Nike and Lululemon; On Running is firing on all cylinders

Forget about Nike and Lululemon; On Running is firing on all cylinders

Sponsored by

What’s the secret to staying ahead of the curve in the world of AI? Information. Luckily, you can join early adopters reading The Rundown– the free newsletter that makes you smarter on AI with just a 5-minute read per day.

While the US economy is booming, the cost-of-living crisis and high interest rates are putting pressure on consumers, who are becoming more selective and cutting back on spending. Once high-flying retail stocks such as Nike ($NKE) and Lululemon ($LULU) are now struggling due to the challenging macro impacting their financials. However, there’s an exception. Premium running shoe brand On Running ($ONON) is firing on all cylinders, growing rapidly and gaining market share in the highly competitive footwear market.

Up 21% so far this year, ONON has outperformed the market and most other retail stocks, thanks to its solid fundamental performance, and this trend is likely to continue. Here’s why.

Subscribe to Premium Membership to read the rest.

Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In