On Holding Unveils 2029 Plan, $1B Buyback at Investor Day
On Holding unveils 2029 plans: high-teens sales growth, CHF 5.6B revenue, 22% EBITDA margin, and its first $1 billion share repurchase program.
On Holding unveils 2029 plans: high-teens sales growth, CHF 5.6B revenue, 22% EBITDA margin, and its first $1 billion share repurchase program.
Kylian Mbappé has left Nike after nearly 20 years to partner with On. The Swiss brand is entering football, with first boots planned for 2027.
On Holding shares dropped as Q2 net sales of CHF 850.3M missed consensus estimates, even with strong 65.4% gross margin and robust DTC growth.
On posts record Q1 2026 sales (CHF 831.9M), strong profit growth, Asia surge, and raises outlook despite tariffs.
On Holding shares fell after announcing a major leadership shake-up. Co-founders David Allemann and Caspar Coppetti will serve as Co-CEOs from May 1, 2026, as CEO Martin Hoffmann steps down.
Swiss sneaker brand On, backed by Roger Federer, reports strong 2025 growth but disappoints with a conservative 2026 outlook, causing stock dip.