On Holding Jumps 11% as $7B Sales Goal and $1B Buyback Fuel Best Day Since 2025
ONON is trading near its 52-week low of $26.365 (13% above the low) on elevated volume (4.3× avg).
Summary
On Holding shares surged 11% to $30.31 after its investor day, where management set a 2029 sales target of at least CHF 5.6B (~$7B) and authorized a $1B Class A buyback through 2029. The company reiterated FY26 guidance of 20-23% sales growth, 65%+ gross margin, and 19.5-20% adjusted EBITDA margin, while guiding Q3 sales growth around 17%. A $65M tariff refund expected in Q3 is excluded from guidance. This follows the earlier Wiseek report on the same targets, but the stock's best single-day gain since Nov 2025 and the detailed margin/guidance figures are new material information. The buyback and premium strategy signal management confidence in brand strength and cash generation.
At the time of this announcement, ONON was trading at $29.82 on NYSE in the Trade & Services sector, with a market capitalization of approximately $9.8B. The 52-week trading range was $26.37 to $51.08. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.