On Holding Sets CHF 5.6 Billion Sales Target by 2029 and Authorizes $1 Billion Buyback
At its investor day event, On Holding (ONON:NYSE) announced a new long-term financial target of achieving annual net sales growth in the high teens on a constant-currency basis through to 2029. The Swiss sportswear company aims for total sales of CHF 5.6 billion by that year and has authorized a share repurchase program worth up to $1 billion over the same period. The buyback initiative is intended to return value to shareholders while supporting long-term growth ambitions, which include expanding its global footprint in key markets such as North America and Asia-Pacific. The company emphasized strategic investments in product innovation and digital transformation as part of this roadmap. On Holding’s announcement reflects confidence in maintaining strong performance amid a competitive market landscape for athletic apparel brands.
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