On Holding (ONON) Reports Record Q3 2026 Revenue and Margin Expansion
On Holding (ONON) reported strong third-quarter results for 2026, with net sales reaching CHF 931.4 million, a 17.8% increase on a constant currency basis. This milestone marks the first time quarterly sales have exceeded CHF 900 million, driven by robust performance across all geographic regions and significant growth in both Direct-to-Consumer (DTC) and wholesale channels. The company achieved record adjusted gross margins of 66.9%, attributed to disciplined pricing and sourcing efficiencies. Profitability also saw a sharp rise, with net income increasing 36.9% year-over-year to CHF 162.8 million. Growth was particularly strong in the Asia-Pacific region (up 31.9%) and within the apparel category. Looking ahead, management raised its full-year gross margin guidance to approximately 66%. The company also provided optimistic full-year revenue guidance, projecting constant currency growth in the low 20% range, signaling continued momentum in global footwear and performance running markets.
Tickers: $ONON
Topics: Direct-to-Consumer Expansion Net Sales Growth Profitability Regional Performance