On Holding (NYSE:ONON) Stock Price Resets As Growth Outlook Cools

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On Holding came into this quarter as a high growth premium sports brand with a rich valuation story, yet the stock just dropped about 20% in a single session to close near $30. That is a sharp reset ...

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That is a sharp reset ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/consumer-durables/nyse-onon/on-holding/news/on-holding-nyseonon-stock-price-resets-as-growth-outlook-coo\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>On Holding (NYSE:ONON) Stock Price Resets As Growth Outlook Cools</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOn Holding (NYSE:ONON) Stock Price Resets As Growth Outlook Cools\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-12 08:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/consumer-durables/nyse-onon/on-holding/news/on-holding-nyseonon-stock-price-resets-as-growth-outlook-coo><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Holding came into this quarter as a high growth premium sports brand with a rich valuation story, yet the stock just dropped about 20% in a single session to close near $30. That is a sharp reset ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/consumer-durables/nyse-onon/on-holding/news/on-holding-nyseonon-stock-price-resets-as-growth-outlook-coo\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1804176565.USD","symbol_name":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/us/consumer-durables/nyse-onon/on-holding/news/on-holding-nyseonon-stock-price-resets-as-growth-outlook-coo","article_id":"2658947181","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/4121000-choice1-main-header/1585186790255"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/consumer-durables/nyse-onon/on-holding/news/on-holding-nyseonon-stock-price-resets-as-growth-outlook-coo","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2658947181","pubTimestamp":1786495443,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"On Holding came into this quarter as a high growth premium sports brand with a rich valuation story, yet the stock just dropped about 20% in a single session to close near $30. That is a sharp reset for a company that had been priced for near flawless execution.\nThe headline from the earnings is that the core business still printed strong numbers. Net sales reached CHF 850.3m and net income came in at CHF 105m, supported by a gross margin in the mid 60s that many athletic peers would envy...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","BK4588":"碎股","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4146":"鞋类","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","NYSE":"纽交所","AIPO":"Defiance AI and Power Infrastructure ETF","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","ONON":"On Holding AG","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC"},"translate_title":"随着增长前景降温，On Holding (NYSE:ONON) 股价重置","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIPO":0.65,"ONON":1.5,"NYSE":1.5},"content_text":"On Holding came into this quarter as a high growth premium sports brand with a rich valuation story, yet the stock just dropped about 20% in a single session to close near $30. That is a sharp reset for a company that had been priced for near flawless execution. The headline from the earnings is that the core business still printed strong numbers. Net sales reached CHF 850.3m and net income came in at CHF 105m, supported by a gross margin in the mid 60s that many athletic peers would envy. The main question now is why that profitability strength was not enough to support the share price in the short term. Love On Holding's premium margins but concerned about paying up for growth that now looks more fragile after this 20% drop? Check out our 21 high quality undiscovered gems AdvertisementQ2 2026 Earnings Summary  Revenue (Q2 2026 vs Q2 2025): CHF 850.3m vs. CHF 749.2m (up about 13.5% year on year) Net Income (Q2 2026 vs Q2 2025): CHF 105.0m vs. a loss of CHF 40.9m (moved from loss to profit) Basic EPS (Q2 2026 vs Q2 2025): CHF 0.31 vs. a loss of CHF 0.12 per share (moved from loss to profit) Gross Margin (Q2 2026): mid 60s %; management highlighted a 65.4% level as industry leading for a premium sports brand  If you prefer clear charts instead of extensive earnings tables and footnotes, explore On Holding's complete set of valuation snapshots in an easy-to-read visual format with the company report for On Holding. NYSE:ONON Trailing 12-Month Revenue & Expenses Breakdown as at Aug 2026 Evaluating On Holding’s Premium Growth Milestones Bulls argued that On Holding could sustain premium growth by leaning into direct to consumer, expanding in Asia Pacific and scaling higher margin apparel. The latest quarter hits several of those checkpoints. Direct to consumer reached a record 45.7% of sales and grew faster than wholesale, which backs the idea of stronger full price sell through and supports the 65.4% gross margin. Asia Pacific net sales grew more than 50% in constant currency, with Tmall and owned stores delivering without promotional activity, which directly supports the international scaling pillar. Apparel net sales grew more than 50% in constant currency and training, tennis and lifestyle categories all contributed, which is consistent with the mix shift argument behind the bull case. The main area where expectations reset is overall top line pace. Management now guides full year constant currency growth in the low 20s, which sits at the bottom of the prior range and reflects a more measured revenue path than earlier bullish narratives suggested. Compare On Holding's premium growth story with what the street is signaling after this 20% one day share price drop. See the consensus price target analysis for On Holding to gauge how analyst targets compare with the latest operational progress.\nOn Holding Bears See Growth Bar Reset, Not Broken The core worry around On Holding is that premium growth would struggle to keep pace with earlier high expectations, especially if product cycles and channel execution hit bumps. This quarter supports that concern on the top line. Constant currency revenue growth of about 22% sits well below the prior mid 20s narrative, and full year guidance in the low 20s confirms a slower path. The Americas, a key running market, grew 13% in constant currency, which is softer than earlier quarters and tied to weaker wholesale demand in everyday running. At the same time, some of the harsher bearish claims do not line up with the data. Gross margin at 65.4% and a raised profit outlook suggest premium pricing and DTC discipline are intact. The reset is mainly about pace, not yet about brand erosion or a broken margin structure. With On Holding’s valuation reset and expectations for growth now cooler, the key question is whether its cash generation and balance sheet can comfortably fund this playbook without surprises. Check the full solvency picture in our financial health analysis of On Holding stock. Stay Ahead With Simply Wall St On Holding just saw a sharp 20% one day share price drop after earnings, which makes timing your next move even more important. Register for free with Simply Wall St and add it to your Watchlist to track the share price against fair value estimates and watch for an entry point that fits your plan. Once you own the stock, keep your decisions clear with the Portfolio Command Center that focuses you on the key fundamental and valuation updates instead of day to day noise. Round that out with the Community so you can see how other investors are interpreting the same data, uncover potential catalysts or risks early, and stay a step ahead of the market. Seeking Alternatives Beyond On Holding? Fresh ideas tend to move first, and latecomers can end up chasing momentum once stocks are already moving. Scan these curated shortlists while it still matters and consider opportunities at an earlier stage.  Identify companies quietly building strength while attention focuses on On Holding, then review a curated list of solid balance sheet and fundamentals stocks (48 results) that could handle tougher conditions without sudden balance sheet shocks. Look for a combination of potential income and price momentum by checking a focused set of 9 dividend fortresses that aim to keep payouts flowing even when sentiment turns colder. Position for potential AI infrastructure shifts by scanning hand picked 56 AI infrastructure stocks that sit at the heart of data centers, chip demand and the broader digital build out story.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}