On Holding stock rises on Q4 earnings beat

Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the rise in stock for On Holding following fourth-quarter earnings.

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BRAD SMITH: This one, I was excited to talk about-- shares of On Holdings, On Running, of course, there, to the upside right now by about 20% here premarket after the Swiss sportswear company topped estimates in its latest quarter. Some of the stats here, they saw net sales grow 91.9% year-over-year as the outlook for 2023. That looks promising.

It was a beat on both the top and bottom lines. And I would think that, within this broader performance category-- and sneakers as a whole right now, I think, is seeing a little bit of a rebalancing of the priority in brands among consumers. New Balance, we spoke with their CEO just a few weeks back. They're doing stellar right now, both in the performance category as well as in the lifestyle category.

Companies like On Running, you've seen those in more capacities now, even in offices or just in casual structures, and especially on the running side. And they've got good distribution-- Foot Locker, so forth, other retailers. And then Brooks Running, we spoke with their CEO a few weeks back too. And so this just sets up for some of the non-Nike or non-Adidas or even non-Lululemon companies, even though Lululemon's fresh to that space for them to be doing well.

JULIE HYMAN: Yeah, apparently, their shoe sales have been doing well, also, so that's something to keep in mind as well.