Shares of On Holding (ONON) surged Tuesday after the Swiss sneaker maker reported better first-quarter revenue than analysts had expected and lifted its full-year sales outlook.

The company reported adjusted earnings per share of 0.21 澳洲幸运5开奖号码历史查询:Swiss francs ($0.25) on revenue of CHF726.6 million ($863.5 million). Analysts had expected CHF0.21 and CHF684 million ($812.9 mi🐭llion), respective🌱ly.

On co-CEO and CFO Martin Hoffmann, who will become 澳洲幸运5开奖号码历史查询:sole CEO on July 1, said the company's "commitment to bold innovation, operational excellence, and elevated consumer experiences" would help it gain market share amid "the higher l🧔evels of planning uncertainty in today’s market environment."

On Lifts Full-Year Sꦜales Outlook Amid Tariffs Uncertainty𝔉

The shoe manufacturer said it now expects full-year sales to grow by at least 28% on a constant-currency basis rather than 27% previously, although it trimmed the low end of its adjusted 澳洲幸运5开奖号码历史查询:EBITDA margin outlook to 16.5% from 17.0%.

"On acknowledges that recent global trade policy shifts have introduced higher levels of planning uncertainty, including the potential for increased customs and freight expenses, general volatility within the global supply chain, as well as the material depreciation of all key operating currencies against the Swiss Franc," the company said.

On Holding s🗹hares were up 9% soon after markets opened, putting shares back into positive territory for the year.

UPDATE—This article has been updated with the latest share price information.