Earnings ·
On Holding reports Q3 net sales of CHF 931.4 million, up 17.2%, with gross margin at 72.6%
ONONOn Holding AG
On Holding AG reported third-quarter net sales of CHF 931.4 million, a 17.2% increase year-over-year and the first time quarterly revenue has surpassed CHF 900 million. Gross profit reached CHF 676.0 million, driven by operational efficiencies and a higher direct-to-consumer mix, resulting in a record gross profit margin of 72.6%. Net income rose 36.9% to CHF 162.8 million, while adjusted EBITDA increased 42.7% to CHF 256.8 million. The company raised its full-year gross profit margin outlook to around 66% excluding U.S. tariff refunds and reiterated low-20% constant currency sales growth guidance for the year. On Holding AG is a premium sportswear brand specializing in innovative footwear, apparel, and accessories.