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On Holding AG Forecasts Slower Growth, Shares Plunge 14%

3/4/2026

35 3 Full Breakdown

Summary

Story summary

On Holding AG projects 2026 sales growth of at least 23%, down from 35.6% in 2025.
Shares fell 14% after the announcement.
Co-founder David Allemann emphasized a long-term brand development strategy.
In the holiday quarter, On exceeded revenue and margin expectations with footwear outpacing estimates and apparel lagging.
For the three months ending December 31, revenue reached 743.8 million francs, up 22.6%, and net income was 69.1 million francs.

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Story summary

On Holding AG projects 2026 sales growth of at least 23%, down from 35.6% in 2025.
Shares fell 14% after the announcement.
Co-founder David Allemann emphasized a long-term brand development strategy.
In the holiday quarter, On exceeded revenue and margin expectations with footwear outpacing estimates and apparel lagging.
For the three months ending December 31, revenue reached 743.8 million francs, up 22.6%, and net income was 69.1 million francs.