1442 ET - On Holding, the Swiss parent company of On running shoes, is likely to see its growth normalize as tariffs weigh down margins, Jefferies analysts say. On has garnered 2% of the global athletic footwear market, but the analysts believe that growth will start to level out and its stock valuation has hit an upper limit. The company lowered its full-year outlook for margin growth to factor in costs from tariffs. It is also planning to raise prices starting in July on certain styles in the U.S. to offset tariff costs and maintain a premium position, they say. Management is focused on operational efficiencies and localizing production to reduce reliance on regions affected by tariffs, they say. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

May 13, 2025 14:42 ET (18:42 GMT)

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