On Holding (ONON) expects net sales to reach at least 5.6 billion Swiss francs ($6.83 billion) in 2029, with high-teens constant currency growth through the medium term, the sportswear company said Tuesday.

The company reaffirmed its fiscal 2026 outlook for net sales growth in the low 20% range. Analysts surveyed by FactSet expect 3.51 billion Swiss francs.

For Q3, the company projects a net sales growth rate of around 17%. Analysts are looking for 927.7 million Swiss francs.

On added that its board approved a share repurchase program of up to $1 billion of its class A ordinary shares through the end of December 2029.