By Connor Hart
On Holding lifted its full-year outlook as it posted higher profit and sales in the first quarter, citing broad-based demand despite an uncertain macroeconomic backdrop and continued growth across international markets.
The Swiss running-shoe maker on Tuesday reported net income of 103.3 million Swiss francs ($132.8 million), up from CHF56.7 million in the same quarter last year.
Stripping out one-time items, earnings came in at CHF0.37 a share. Analysts polled by FactSet expected adjusted earnings of CHF0.27 a share.
Net sales climbed 14% to CHF831.9 million, ahead of Wall Street models for CHF818.5 million.
Founder and co-Chief Executive Caspar Coppetti said On is benefiting from becoming more global, multidimensional and deeply rooted in different communities around the world.
On Holding now expects net sales of at least CHF3.51 billion this year, up from a prior outlook of at least CHF3.44 billion. Analysts are looking for net sales of CHF3.54 billion.
Gross profit margin is now projected to reach at least 64.5%, up from a previous forecast of at least 63%. The company additionally guided for its margin on adjusted earnings before interest, taxes, depreciation and amortization to be in the range of 19.5% to 20%, up from a prior view of 18.5% to 19%.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
May 12, 2026 06:41 ET (10:41 GMT)
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