On Holding Announces $1 Billion Share Repurchase Program, Raises Growth Outlook
On Holding AG Ltd. (NYSE:ONON) announced a $1 billion share buyback program over the next three years and raised its growth outlook through 2029 during an Investor Day event. The company reported strong second-quarter earnings with net sales rising to CHF 850.3 million, up from CHF 749.2 million in the same period last year. On Holding also reaffirmed its full-year 2026 targets and emphasized a long-term strategy focused on premium growth through margin expansion. The company's stock price rose by 7.58% to close at $29.39 per share following the announcement, reflecting investor confidence in its financial strength and strategic direction. Institutional investors also showed increased conviction with hedge fund holdings rising to $2.3 billion from $1.4 billion quarter-on-quarter.
Tickers: $ONON