On Holding Posts Higher 4Q Profit, Sales; Outlook Underwhelms

Dow Jones
03/03
 

By Connor Hart

 

On Holding said profit and sales climbed in the fourth quarter, but the running shoe maker's sales outlook for the current year underwhelmed investors.

The Swiss athletic shoemaker on Tuesday posted a profit of 69.1 million Swiss francs ($87.8 million), or CHF0.21 a share. That is down from a profit of CHF89.5 million, or CHF0.27 a share, a year earlier.

Stripping out one-time items, earnings came in at CHF0.25 a share. Analysts polled by FactSet had expected adjusted earnings of CHF0.20 a share.

Net sales rose to CHF743.8 million from CHF606.6 million a year earlier, and topped the CHF726.4 million that Wall Street had modeled.

Martin Hoffmann, who serves as both CEO and finance chief, said On Holding is benefiting from its premium positioning. He also noted the company will continue investing in high-return areas that are expected to fuel growth over the coming years.

Looking ahead, On Holding guided for net sales of at least CHF3.44 billion in 2026, up 23% from last year. Analysts are looking for net sales of CHF3.67 billion.

The company additionally forecast its gross profit margin to reach at least 63%, and its adjusted earnings before interest, taxes, depreciation and amortization margin to be in the range of 18.5% to 19%.

Shares fell 11%, to $41.59, in premarket trading.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

 

On Holding's fourth-quarter profit fell to 69.1 million Swiss francs ($87.8 million). "On Holding Posts Higher 4Q Profit, Sales; Outlook Underwhelms," at 6:53 a.m. ET, incorrectly said profit rose.

 

(END) Dow Jones Newswires

March 03, 2026 13:25 ET (18:25 GMT)

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