On Holding Lifts FY26 Sales & Margin Targets, Details US Expansion; US Sales Growth Slows
ONON is trading near its 52-week low of $31.41 (8.2% above the low) on elevated volume (2.5× avg).
Summary
On Holding AG has raised its full-year 2026 sales guidance to at least CHF3.51 billion (from CHF3.44 billion) and lifted its gross margin target to at least 64.5%, while reiterating adjusted EBITDA margin guidance of 19.5%-20%. This positive update follows earlier reports today of a raised operating profit margin forecast and record first-quarter net sales and profitability. The company also detailed plans for wider U.S. wholesale distribution, expanding its footprint with Dick's and Foot Locker, and highlighted strong sales from its April launch with Zendaya. However, the article notes a significant slowdown in U.S. sales growth, rising only 3% last quarter compared to 33% a year prior, which presents a notable concern despite the overall positive outlook. Traders will be watching the execution of the U.S. expansion strategy and future U.S. sales trends closely.
At the time of this announcement, ONON was trading at $34.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $11.2B. The 52-week trading range was $31.41 to $61.29. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.