On Holding Shares Rise Over 13% After Investor Day Presentation
Shares of On Holding (NYSE: ONON) surged more than 14% in early trading following an investor day event on September 22, 2026. The company outlined its strategic plans through 2029 and reaffirmed strong financial guidance for the year. Management emphasized maintaining a gross profit margin of at least 65%, significantly higher than Nike's current rate of around 43%. On also announced up to $1 billion in share repurchases by 2029, signaling confidence in its long-term value. The company is expanding into new markets, including soccer, with French World Cup star Kylian Mbappé as a global ambassador. Investors are viewing the event positively and may be seeing it as an opportunity to re-enter On Holding stock after losing one-third of its value this year. The market's strong reaction suggests optimism about the firm’s future performance. The Motley Fool analysts, however, note that while On Holding performed well at the investor day, they have not included it in their current list of top 10 stocks to buy.
Topics: brand_expansion financial_guidance investor_day share_repurchase